DeWolfe said MySpace would be "enhancing and customizing" its online music store as the service evolves, aiming to eventually offer copyright-protected songs from major record companies.
"I don't think the record companies are going to be interested in distributing music without copy protection anytime soon," said David Card, analyst at Jupiter Research.
Though DeWolfe would not give any details of discussions with record companies, an industry source close to the matter said EMI Group has had discussions with MySpace. EMI declined comment.
News source: Reuters