Financial Times FT.com

Facebook asks labels about music service

By Joshua Chaffin in New York and Kevin Allison in San Francisco

Published: March 5 2008 01:40 | Last updated: March 5 2008 01:40

Facebook is approaching big record companies about creating a music service on the social networking site, according to several people familiar with the matter.

The approach has come in the past week and was described as “preliminary”. It follows similar moves by MySpace, the leading social network site, which is discussing a MySpace Music joint venture with the four largest record companies – Universal Music, Sony BMG, Warner Music and EMI.

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