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MySpace / Facebook Music Contrasts

Facebook is now the largest social network in the world. But they continue to trail MySpace by a massive 36 million users in the U.S., and at current growth rates it will take them 18 years to overtake them.

Most of Facebook’s growth is international, where they’ve executed on a brilliant strategy for quickly rolling out localized versions of sites by getting their users to do the translation work for them (MySpace, by contrast, expands via a command-and-control infrastructure that puts people on the ground in each new international market). But the commercial value of some of those international users is far less than the U.S., the UK, Japan and a handful of other countries with robust online advertising markets.

Music is MySpace’s territory. They host millions of artist and band pages, and one of the first thing any new band does is create their MySpace page. MySpace says 35 million people per month visit their music sites, including MySpace Music and various artist pages. Some artists have millions of “friends” and the pages allow streaming music, artist control over the look and feel of the site, etc.
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Facebook, by contrast, has no real internal music strategy. Artists can set up Pages to promote themselves, but the pages are no different to any other fan pages (for example, no streaming music) – there is nothing music or artist specific on the site.  More…

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