MySpace Music to coming this Monday?

Market sources say that MySpace’s digital media store is just around the corner. The company could launch the service by as soon as this coming Monday.

The company seems to have entered in deals with major music labels including Universal Music Group, Warner Music Group and Sony BMG.

EMI seems to be missing for now.

None of the involved companies have commented on these market reports. The online social networking leader has been rumored to be working on such a service since quite some time now.

They would become the latest challengers to Apple iTunes and Amazon MP3.

Facebook too is said to be working on a similar service for their users worldwide.

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