Inside Music MediaJerry Del Colliano

You have to hand it to the record labels.

When they get a good idea, they get it too late.

Take the new music service that three of the big four labels (Universal, Warner and SonyBMG) are going to launch within the next few months that they think will revolutionize the digital music business.

Dream on.

The labels are eight years late and a dollar short.

The joint venture announced yesterday with MySpace is meant to be a digital lifeline for both companies. The three labels are hoping MySpace's 110 million users will help both of them grow.

But the labels' hatred for Apple's Steve Jobs is showing.&hellip