MySpace To Sell Music Through Snocap

Now the most popular social networking site is getting into the music business. They will allow artists/bands to sell music directly to Myspace users. They have the users but will this work?

Snocap will provide the back end technology for the service.  They will provide music in the well known MP3 format so that everyone can listen to them instantly with highest quality possible.

This is basically coming up as Myspace is looking for options to monetize from their user base. They need to come up with ideas like this to make money or they will not be able to sustain their site.