Just ten days after launching their MySpace Music initiative, the popular social networking site has confirmed that they have streamed their billionth song. The company made this statement:

We're extremely pleased with the launch of MySpace Music--clearly our users around the world are engaged and excited about the new music experience on MySpace. We've hit some incredible milestones in only a few days--some of the numbers you're reading about are already out of date.

We can confirm that we hit a milestone of one billion music streams in only a few days after launching the new product however because this number may be inflated by the high profile launch and accompanying promotional push, we will be looking to our metrics on engagement and unique users which will tell a much richer story on how positively the community is responding to the new music experience. We will continue to keep you posted on the response to MySpace Music.

The initiative, which is a joint venture with all four major labels, has entire label catalogues online for free streaming and also purchases through Amazon.com.