Ex-Facebook exec withdrew candidacy for MySpace Music job

Former Facebook executive Owen Van Natta pulled out of the running for the CEO position and MTV's Courtney Holt has yet to accept. Doesn't anybody want the job?

Two months ago, MySpace Music appeared ready to fill its CEO position. The new music service had whittled down the candidates to Owen Van Natta, the former Facebook executive, and Andy Schuon, a longtime music industry insider.

So how did MTV executive Courtney Holt get the job offer? As first reported by CNET News last week, Holt was offered the job to help operate what some expect will be the most significant iTunes challenger to come along in awhile. According to music industry sources, Holt has yet to accept the job as he and MySpace Music continue to wrap up negotiations. A MySpace Music representative didn't respond to an interview request.

Leading up to Holt's offer, Van Natta, who announced his departure from Facebook in February, pulled out of the running late in the process, said two sources with knowledge of the negotiations. According to them, MySpace CEO Chris DeWolfe had favored Van Natta over Schuon.

MySpace Music has been widely criticized for taking so long to name a chief. For now, DeWolfe and his MySpace team continue to oversee the service.

Last week, TechCrunch reported that Van Natta was no longer a candidate and offered no explanation as to why. The blog did suggest that some within MySpace's management may have been discouraged by some of Van Natta's side deals. Even as Van Natta was interviewing for the job he was trying to encourage MySpace to buy Project Playlist, a fledgling music service with a copyright lawsuit hanging over its head that Van Natta has a stake in, according to the blog.

Van Natta was unavailable to comment so we don't know for sure why he pulled out. What is known is that the job has some unappealing elements.

One former candidate told me the MySpace Music CEO will be required to answer to another CEO, DeWolfe. The source added that the compensation being offered was mediocre. There's also the question of Facebook's growing dominance over MySpace.

MySpace music

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Details about Apple's 'spaceship' campus from the drone pilot who flies over it

MyithZ has one of the most popular aerial photography channels on YouTube. With the exception of revealing his identity, he is an open book as he shares with CNET's Brian Tong the drone hardware he uses to capture flyover shots of the construction of Apple's new campus, which looks remarkably like an alien craft.

by Brian Tong