MySpace to Hit $1 billion in Revenue by 2008
Andy Lark has just posted that Rupert Murdoch told the Digital Hollywood conference in New York last week about MySpace:
“It’s extraordinary, the advertising has gone from basically nothing to, on a net basis, $25 million a month and growing every month – almost 30 per cent every quarter,”
He added:
“Next year we’ll be kicking in with search revenue from Google so together with IGN, we’ll be getting close to a billion dollars of revenue.”
MySpace is huge, you have to be looking at this as a marketing option, especially if you are targeting the 15-25 demographic.
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