BREAKING: Facebook May or May Not Launch Music Service

Looks like Facebook CEO Mark Zuckerberg is suffering from a bit of Freudian MySpace Envy. Now that the rival social network has launched what MySpace CEO Chris Wolfe likes to describe as a “mega-music experience,” Facebook is said to be looking for a foothold in the digital music business as well. The New York Post reports that the social network is busy poking the major record labels to gauge their interest in a Facebook music offering. Unlike MySpace Music, which is a joint venture between MySpace and the “Big Four” music labels, Facebook’s music service would more likely take the form of an outsourcing deal with a streaming service like Rhapsody.com or Imeem.com. If there’s a music service at all. Said the Post, “Insiders familiar with the talks further cautioned that nothing is imminent, and Facebook may ultimately walk away from the plan altogether.”

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[Image Credit: New York Post]