MySpace Music gets new president

LOS ANGELES, Nov. 26 (UPI) -- Former MTV executive Courtney Holt has been appointed president of MySpace Music, MySpace announced in Los Angeles.

Holt is to start his new job Jan. 5.

"Courtney understands how to successfully blend technology with music and the resulting new business opportunities born from such a combination," Chris DeWolfe, chief executive officer and co-founder of MySpace, said in a statement. "Courtney's unique vision and willingness to innovate makes him an incredible addition to our executive team -- we're thrilled to have him on board."

Holt previously served as executive vice president of digital music for the MTV Networks Music and Logo Group where he oversaw several initiatives for the company's digital music group, including working with the MTV, VH1 and CMT brands. Prior to joining MTV, Holt was senior vice president of new media, creative and strategic marketing at Interscope Geffen A&M, MySpace said in a news release.

"MySpace Music cultivates relationships between artists and fans by enabling and reinforcing music discovery both online and offline and providing the tools to customize and personalize their music experience," Holt said. "The new company will explore different and evolutionary revenue streams that provide real opportunities for artists and the industry as a whole. I can't wait to help build out those opportunities even further."