Myspace Mulling Plans for An iPod Rival; Will It Make (Free) Calls As Well?

Myspace co-founder Chris DeWolfe has not ruled out plans to sell a MP3 player or a similar device that could compete with Apple's iconic iPod as he replied to John Battelle at the Web 2.0 Summit.

Reuters reports that it's possible that Myspace, which is owned by News Corp, could develop a device after having focused on its music service.

Myspace enjoys a great relationship with the majority of the labels as well as smaller independent recording entities as it launched Myspace music back in September 2008, which could be iTunes' alter ego.

The popular social networking website could also enlist the help of its own members, many of whom are music artists, to generate new content for Myspace music.

The main differentiation between Myspace music and Apple's Online would be the fact that Myspace is more focused on community building and sharing while iTunes currently lacks that Social networking factor.

Myspace has more than 100 million users worldwide (as per September 2006) and grows at an estimated rate of 6 million per month, which means that Myspace could be sitting on more than 180 million user accounts which is more than the number of iPods that have been sold over the last seven years.

A Myspace portable media player could possibly stream music over the air which opens the possibility of having phone features included in the specs list and could even throw in free mobile phone calls by using Blyk's strategy that funds calls by advertising.

Unsurprisingly, Blyk targets the same 16-24 youth segment as Myspace and gives 217 texts and 43 minutes every month to its users.

The same conference witnessed Jerry Yang's acknowledgement that Yahoo should be acquired by Microsoft.