Maybe Justin Timberlake and friends were n't so crazy after all . Myspace , the once dominant social-networking site that faded into obscurity during Facebook 's rise to dominance , added 1 million new users over the past month , according to the company . `` The numbers tell an amazing story of strong momentum and dramatic change for Myspace , '' said Tim Vanderhook , CEO of Myspace . `` And the 1 million-plus new user accounts we 've seen in the last 30 days validates our approach . '' A team of investors bought out Myspace in June for the fire-sale price of $ 35 million . Rupert Murdoch 's News Corp. paid ( many would say overpaid ) $ 580 million for it in 2005 . The new owners , most notably pop star/actor Timberlake , have effectively stopped trying to compete with Facebook and other social sites , instead focusing on Myspace 's superior platform for posting and listening to music . Monday 's release from Specific Media credited the site 's new music player , with access to more than 42 million songs , as offering the Web 's biggest collection of free music . By comparison , Internet darling Spotify , which launched in the United States in July , was claiming 15 million songs at that time . `` Myspace is building meaningful social entertainment experience around content , where consumers can share and discover the music they love , '' Vanderhook said . `` Consumers are getting excited about Myspace again -- a testament to a great music product . '' The new Myspace player offers unlimited , on-demand listening to both established and unsigned artists , personalized radio modes , a recommendation engine and easy integration with Facebook . Obviously , it remains to be seen whether the resurgence ( which has amounted to roughly 40,000 new sign-ups a day ) will continue . But with Spotify beginning to limit the number of songs users with free accounts can play , it seems possible there could be space for a new online music player serving up similar content for free .
Myspace announces 1 million new users in a month . Site 's owners credit a new music player with the surge . The site claims access to 42 million songs .