MySpace Music names president

Courtney Holt tapped to run music offshoot

MySpace has found its top music man. News Corp.’s social-networking site has named Courtney Holt prexy of MySpace Music, the music offshoot it launched in September with the backing of all four of the biggest record companies.

Holt, who formerly served as exec VP of digital music for MTV Networks Music and Logo Group, takes the reins on Jan. 5. He will be responsible for overseeing the growth and development of the MySpace Music brand and will relocate to Los Angeles from Gotham to take the post.

His hire ends a long search for a topper for the service, which features MP3 downloads and ad-supported music streaming. The first such venture to have the backing of all four record companies, MySpace Music could become potent competish to Apple’s popular iTunes Store. Since its launch, the service has preemed new tunes from artists including the Killers, Kanye West, Beyonce and Justin Timberlake.

In his most recent role, Holt oversaw digital initiatives across the group’s brands — MTV, VH1 and CMT — working to expand their reach through content syndication. He worked closely with the marketing and ad teams to drive new advertising models. Previously, he was senior VP of new media, creative and strategic marketing at Interscope Geffen A&M.

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