socialmedian: Google Music: What Were Ticketmaster And Facebook Thinking?

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Google Music: What Were Ticketmaster And Facebook Thinking?

Source: TechCrunch

Oct 29, 2009

Summary

Now that the dust is settling on the newly launched Google Music (if you don’t yet have it in your normal Google search results, you can use it here) that integrates LaLa and iLike/MySpace streaming music, all I can think of is this: What were Facebook and Ticketmaster thinking when they passed up the opportunity to acquire iLike?

MySpace is the big lottery winner here. They bought iLike for $20 million in August. What they got: a talented (literally) team that is starting to fill the executive ranks at MySpace, the biggest music application on Facebook, and, it turns out, a deal with Google that is now sending massive traffic flow directly to MySpace Music.

Our understanding from sources is that MySpace made an offer to iLike without knowing about the Google deal. Supposedly, since iLike was under NDA, all they knew was that iLike had a big partnership opportunity with a partner, nothing more. In hindsight the iLike deal looks smart even without Google. Add that deal in and it looks absolutely brilliant. I’m no fan of MySpace CEO Owen Van Natta, but I’ll give

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