MySpace has launched a new service they're calling MySpaceTV.com. Similar to their previous MySpace Video this service has more to offer MySpace members and non-members alike. On top of all the user generated videos that are added to the site everyday there will also be professional videos available. In the next couple months you're going to see more features added to MySpaceTV.

Tom Anderson, the cofounder and president of MySpace says, "We're going to be rolling out innovative video products and features in the coming months to further empower our users" ~ITPro (July 3)

MySpace is creating new competition for themselves by adding music videos and other media. TV stations, radio stations and even movie theaters may find MySpaceTV becoming a thorn in their side in the coming year.