Is MySpace Music Going Pay for Play?

As MySpace struggles to regain its footing, the social network is exploring the creation of a paid music subscription service for its MySpace Music venture.

In a statement made to CNET, MySpace Music head Courtney Holt quelled rumors of a paid subscription for the currently free feature on MySpace, yet reports the company is "always exploring new monetization opportunities."

Holt, a music industry veteran, became head of MySpace Music in 2008 after leaving her post at MTV.

MySpace Music is a joint venture between parent company News Corp. and major record labels.

--Brandon De Hoyos, Guide to IM