Myspace is currently in talks with the four major record-labels to offer its users an ad-supported music delivery service. We say "music delivery service" because it's currently unknown whether the record labels will concede to free downloads or force the News Corp owned company into creating a streaming service similar to Last.fm.

Either way, the service will be ad-supported and DRM-free.

Whether or not the new Myspace service happens, the news is great for consumers. Even if the record labels haven't figured it out yet, other companies are trying to come up with ways to get music to the people for free (or at least cheap and easy - like Amazon's MP3 Download Store).

[via CNET]