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While many in the Web 2.0 space are now struggling in the wake of financial pressures and a tighter availability of startup capital, the better funded players are driving forward in leaps and bounds. News Corp-owned MySpace, for example, recently set out to tackle iTunes by striking up music distribution deals with the biggest labels in the world. Since then, the company has announced even bigger plans, that would see the Web 2.0 player step into the 'real world' by extending its...

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