Courtney Holt, MTV’s chief of digital music, has told friends he will accept the job as MySpace Music’s new CEO, according to a source close to Holt.
His name is not yet on the dotted line, but Holt has given a verbal commitment to MySpace CEO Chris DeWolfe, said a music industry source. MySpace Music is the newly launched digital music service formed by News Corp. and the four largest recording companies. The service will sell downloads of unprotected Mp3s and offer ad-supported streaming music.
“Anything can happen when there isn’t a signature, but it looks like he’s the new CEO,” said the music industry insider.