Once again MySpace proves why it’s an inferior digital music source.

Artists and user pages throughout the MySpace world have been viciously hacked by a Trojan virus.

Visitors of Alicia Keys MySpace click anywhere on her page and are redirected to “co8vd.cn/s” which asks the user to install video software by clicking “OK.” When the user chooses to install the “video software,” they upload a virus that allows hackers to take over their computer.

“They are going to catch a lot of people with this one,” said Roger Thompson, chief technology officer of Exploit Prevent Labs. “This is a a very rich media page, as are most MySpace pages. There is every expectation you are going to see a video… It’s not at all unreasonable to think you might have to install something.” (more…)

As reported earlier this year, Facebook has been rumored to announce an online music service to compete with iTunes and MySpace in the near future.

This just in: the “Facebook Music” platform will serve as the social networking giants first step into the music space.

The new platform is set to be announced at ad:tech in New York City next week. Leading up to this announcement Facebook has been holding top-secret meetings with high-level representatives at each of the four major music labels.

Here’s how it works: (more…)