MySpace Music announces downloads sans DRM, free streaming

News Corp. has announced the long-anticipated MySpace Music, a music portal that will let users stream and download music in addition to allowing them to buy concert tickets and merchandise. Three major music labels—Sony BMG, Universal, and Warner Music—have stakes in the venture, allowing them to yank some money out of MySpace's thriving music community, one that has long been known as a gathering place for bands, artists, and their fans online.