MyMediaMusings

PaidContent has learned that the big media forces behind the TV show streaming website Hulu is exploring creating a similar portal for music, pairing up with MySpace:

“The constant in both instances is content for equity. Under this scheme, MySpace would be the operator with the major music labels—Universal Music Group, Sony BMG, Warner Music Group (NYSE: WMG), EMI—as content providers and equity partners. MySpace would be a distributer but, like Hulu, the idea would be a mixed portal-distribution experience. Music would be DRM-free and ad supported. “

I might begin to sound redundant, but this is clearly another example of big media finally realizing that the only way to beat the pirates is to actually compete with them.  Dropping DRM is definitely one of the huge steps in that direction.