MySpace Music, the long-awaited music venture from the social-networking site, went live yesterday.

Initially available only in the US, the service is a joint venture between MySpace and EMI Music, Sony BMG, Universal Music Group and Warner Music Group and will allow users to stream music from the record labels for free as well download songs without digital rights management (DRM) protections from Amazon MP3.

Other major players involved in the service include Sony ATV/Music Publishing and independent music distributor Alternative Distribution Alliance.

The service also allows MySpace members to share music, purchase merchandise and event tickets, stream and buy songs, manage their digital music collections and compile playlists.

"Music has been a big part of MySpace since the beginning, and especially in the early days it was the heart and soul of what we were about. Since then, we've spent a lot of time trying to figure out what else can be done in music and where can we go from here," said Steve Pearman, senior vice president of product strategy for MySpace.

MySpace believes its new service will take online music to another level by giving people more flexibility and freedom to share with friends and load songs onto different devices.

"We believe you can move the music monetisation model away from a system based on scarcity and barriers and build as strong, if not a stronger business, by setting the content free," Pearman said.

That approach is consistent with the principles that govern the MySpace user experience, like social discoveries and sharing and consuming content, he said.

At the same time, MySpace Music seeks to simplify the pairing of brand marketers with artists for advertising purposes, while giving music labels and artists viable, alternative revenue streams, he said.

MySpace subscribers will be able to access the service via a new page in their profiles called ‘My Music' where they will be able to create playlists. My Music will contain a default initial playlist called ‘My Profile Song History' that contains all the songs subscribers have added to their profiles until now.

Users will be able to add a playlist of their 10 favorite songs to their profile home page. Beyond this, they'll be able to create as many other playlists as they wish, and each one can contain up to 100 songs. Playlists can be public or private.

NEXT PAGE: Improved music search option

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MySpace Music, the long-awaited music venture from the social networking site, went live yesterday.

The music search engine has been improved so that users can search not only by artist name but also by song and album titles. Until now artists could only make available six songs, "so when I would search, it only really made sense for me to search for a particular [artist] because I didn't have a realistic expectation that they would have the particular song or even album I was interested in," Pearman said. "This project goes into the deep catalogue" thanks to the broad participation of label partners.

As songs are returned in search results, they can be dragged and dropped into the music management tool. To listen to the songs, users call up a MySpace pop-out music player. The songs aren't stored in local PCs, but rather on remote servers, so they're accessible from any PC by logging into MySpace.

"Wherever you go, as long as you have an internet connection, you get access to all your music - full tracks, as much as you can eat, no limitation on how many times you listen to songs nor to how many songs per month," he said.

As a particular song is played, users will see information about the artist, including their latest MySpace blog postings and announcements. "The music becomes a touchstone to a larger experience with the artist," he said.

Also getting a facelift is the MySpace music home page, both in its look and feel and in new features, like featured playlists compiled by artists, celebrities and regular site members. The artist profile pages will get revamped with a new navigation scheme and music player, from where users will be able to import full albums to their playlists, among other things.

In addition, members will be able to share their playlists with one another, in order to trigger 'social music discovery' on the site.

For purchasing tracks, a 'buy' button on music players and other MySpace sections will link to a store powered by the Amazon MP3 service. Tracks will be free of digital rights management (DRM) protections. Ringtones will also be available, powered by Jamster.

MySpace members can configure the estore to drop their purchased tracks into their preferred music management software, like iTunes and Windows Media Player. The tracks will play on all digital music players, including iPods, according to MySpace.

"We're trying to get people past the idea that there are places where I discover music and other places where I buy the music. At the moment that I discover something and I'm digging it, that's when I should be able to acquire it," Pearman said.

The service will be extended internationally in coming months. It currently can't be accessed via mobile devices, only PCs.

In the future, MySpace expects to sell tickets and merchandise via the service and to add other modes of user engagement, like providing detailed music chart data to inform members of what artists and songs are on the move.

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