MySpace Reshuffles Its Music Label
That’s sure to be good news for the label’s artists, which include Pennywise and Nico Vega. The label has also previously featured a handful of artists who were eventually promoted to the main Interscope label, including Kate Voegele and Mickey Avalon. However, while the current artists are safe, we’re hearing that the direction of the label and its future structure are still up in the air.
When MySpace Records launched, MySpace planned to leverage its then-recent acquisition by News Corp to turn the label into a jumping off point for hot new bands (former CEO Chris DeWolfe was quoted as saying they’d get the bands into Fox movies and TV shows). Obviously it hasn’t performed as well as everyone hoped, but MySpace has still managed to help kickstart the careers of quite a few well known bands. Likewise, its MySpace Music site continues to perform well despite MySpace’s slowdown in other areas.