MySpace Launches YouTube Rival

Popular social networking website, MySpace attempts to rival video sharing site, YouTube, with the launch of its new global video platform, MySpaceTV.

MySpaceTV in beta will be an integrated component of the company's community and content platform, and will aim to offer the best elements of video to view, create, and share in new ways, throughout the community. MySpaceTV will serve as the community's primary video channel and as a stand-alone user destination.

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