Eisner Seals Myspace Deal

Mar 30, 12:01 AM

Current Headlines: By Daily News

Former Walt Disney chief Michael Eisner has struck a deal with MySpace to offer the social networking site original video content, the Financial Times reported Wednesday.

The agreement, which could be announced today, is the first of many anticipated ventures between MySpace, owned by News Corp., and the creators of short-form video entertainment, the newspaper reported on its Web site.

Under the deal, part of MySpace's bid to compete more aggressively with YouTube, MySpace will distribute and promote Eisner's new online drama, "Prom Queen," the Financial Times said.

Each "webisode" will last 90 seconds and new installments will air on MySpace every day. MySpace's 160 million users will be able to watch the shows a day before they appear anywhere else on the Internet.

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