Looks like MySpace is entering the music download world. Soon they’ll be offering bands on MySpace the opportunity to sell their music downloads at whatever prices the bands decide (MySpace will charge bands a distribution fee).

By the end of the year, Mr. DeWolfe said, MySpace will offer independent bands that have not signed with a record label a chance to sell their music on the site. MySpace says it has nearly three million bands showcasing their music.

Songs can be sold on the bands’ MySpace pages and on fan pages, in MP3 digital file format, which works on most digital players including Apple’s market-dominating iPod. (New York Times)