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MySpace Adds Google Search

Google has inked a deal with MySpace which will allow Google to be the exclusive search and keyword targeted advertising sales provider for MySpace until the second quarter of 2010.

Great news for those that though MySpace's search was crummy, and that the advertisments were not focused properly on the visitors to the site.

The integration of Google's services including consistent search navigation across Fox Interactive Media's network of properties is slated to begin in the fourth quarter 2006 and will provide users with access to Google's industry leading search capabilities as well as text and display advertising from its global advertiser base.

Under the terms of the agreement, Google will be obligated to make guaranteed minimum revenue share payments to Fox Interactive Media of $900 million based on Fox achieving certain traffic and other commitments. These guaranteed minimum revenue share payments are expected to be made over the period beginning in the first quarter of 2007 and ending in the second quarter of 2010.

Sounds like a good deal all around. Google gets some access to millions of MySpace users, and MySpace makes some money.

Google Press Release

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