Dive summary: 

• MySpace has rebranded into a "social entertainment network" to focus connecting users to entertainment rather than to each other. 
• The new MySpace, still in beta, requires that you identify your account with a particular role including musician, director, comedian, promoter, venue, fan, and others. 
• New platform allows MySpace to connect to other social network like Facebook and Twitter. 

From the article: 

"... Key things you can learn about the new Myspace video include the following:

• The new layout has a Pinterest-meets-Tumblr feel.
• You will be able to connect your Myspace to Facebook and Twitter to find friends.
• There’s a huge focus on music with the ability to add songs and music collections (mixes) to your profile.
• Status updates from Myspace can be shared on Twitter and Facebook.
• Insights will be available for certain profile types (like musicians and celebrities with fans; possibly brands as well) that show demographic data about your fans. ..."