In its first press release since February, online music retailer eMusic announced on Monday that it had inked a deal with giant record label Sony Music Entertainment. eMusic, which offers music downloads by subscription (starting at 24 per month for $11.99), will have access to Sony’s immense music catalog — but only tunes that are […]

MySpace is working on a digital music store, striking a deal with three of the big four music companies to start a music Web site. The New York Times reports that MySpace will spin out its MySpace Music service as an independent joint venture, in partnership with Universal Music, Sony BMG and Warner Music Group. […]