Tuesday, September 22, 2009

MySpace may re-brand itself by offering videos

MySpace may be getting a major facelift. CNET is reporting that sources say the social networking site is going to deliver on Rupert Murdoch’s promise to turn the site into a major entertainment hub by streaming a wide range of full-length movies, TV shows and music videos.

MySpace, which already offers some videos with the help of sister site Hulu.com, is going to use the new video era to re-brand itself and make it much more attractive to advertisers.

Murdoch’s News Corp. owns MySpace and a big portion of Hulu.

CNET couldn’t determine whether the site would charge for the videos or offer it free to its customers.

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