Look out Apple, there could be a company in town with a player to kill the iPod. In all seriousness, MySpace might enter the MP3 player department, a place where Apple’s iPod has dominated for quite a while now.

At the Web 2.0 Summit meeting on Thursday, MySpace co-founder and Chief Executive, Chris DeWolfe, shed some light on the fact that MySpace could develop a music player, but nothing is set in stone.

MySpace has used music a lot to make their site bigger and bigger. Many small (and large) bands use MySpace as a way to share their music. They even launched a new service, called MySpace Music, which works with popular music labels including Sony BMG Music, Universal Music Group, and Warner Music Group. More after the break.

It is no secret that MySpace has completely changed the music scene. Arguably, the artists MySpace music page is more important than their website. But other sites are creeping up and taking advantage of something MySpace has not mastered: new music. Sites like thesixtyone.com and others are helping new artists get noted. By allowing voting more »