Touted as “The Official Media Source for the Hood”, Young Jeezy has launched the USDA2DAY social network. I heard about the news through my favorite news source: BallerStatus.com. The new site will serve as a source for news, new music and information pertaining to his record label CTE. The site is hosted on Ning which continues to be a center for large hip hop networks.

One of Ning’s largest networks is a fan group for 50 Cent. Social networks continue to serve as an excellent center for various fan groups. Facebook has attempted to target this audience with their Facebook Pages offering. The new Young Jeezy site has been created in order to prepare for the launch of Young Jeezy’s new album Blood Raw “My True Life Testimony”.

I’ve included one of the videos below which is bound to be a classic. While there is no title posted of the song, my guess is that it is called “My Louis Bag” since that’s all that is said throughout most of the song.

Scarlett Johansson, the famous Hollywood actress who is best known for her amazing looks as well as her appearance in Lost in Translation, has decided to make an attempt at becoming a musician. The full album is currently available exclusively for imeem users. If you aren’t a member you can currently listen to 30 second clips. If you don’t know what imeem is, it is one of the leading social music sites on the web.

I had the opportunity to listen to Johansson’s new album titled, “Anywhere I Lay My Head” and wasn’t that impressed. The music appears to be over produced, possibly a result of Johansson’s less than magnificent voice. I’m not a professional music critic though so take my opinion with a grain of salt. You can listen to her single “Falling Down” in the video player below.

Call me dense but I couldn’t figure out what the point of her video was. I’m assuming that she’s going through hard times in her life but all of the video clips are of her getting dolled up for the camera. Then again there are obvious moments of her appearing sad but the video doesn’t clearly illustrate the cause of her depression. My guess is that the cause is from her breaking up with an ex. Perhaps someone with a little more celebrity gossip knowledge can chime in here.

Update
In the post I described imeem as one of the “leading social music sites on the web.” In reality, the company would prefer to be described as a “social networking site.” According to their PR team, they are the third largest social network on the web with over 24 million active users each month. An impressive number to say the least.

A few months ago I pronounced on AllFacebook that Facebook is in the process of releasing an iTunes killer. Well months later the service hasn’t launched but Reuters has confirmed that a deal between three of the four major music labels and MySpace could be announced within days.

According to Alley Insider the various music labels will get cash payments including Universal Music Group who has received a cash payment for settling a prior lawsuit. The other music labels will also receive cash bonuses. All music will be streamed for free (ad supported) via the site but they can also be downloaded for a fee. While I think MySpace can gain a nice chunk of the online music space, they are going to need some seriously good software to generate strong revenues.

I’m a frequent iTunes customer and my primary reason for making a purchase is the insanely easy to use interface. I also use their software for managing all of my music. Prior to iTunes I had a crappy Dell application which crashed regularly so the iTunes application brought a sigh of relief for me. It will be interesting to see how this new music service is offered.

For the past year there have been rumblings of a social network music service in the works. Much of the buzz surrounded Facebook and I actually had juicy tidbits from two separate sources that said they were launching a new music service. Since then there has been very little buzz until yesterday when news surfaced that MySpace may be launching the Hulu of music. Right now it’s only buzz since nothing has been signed but there is definitely momentum.

MySpace already provides musicians with the opportunity to stream their music for free. Greg Sandoval suggests that MySpace may simply add a “Buy Now” button. Honestly at this point everything being posted around the blogosphere appears to be hearsay and theories. Given that everyone else seems to be having fun with it, so will we!

We predict that MySpace is going to go head to head with iTunes by generating the first web based mp3 downloading tool that enables all music to be distributed DRM-free and playable on any MP3 player. The new service will attempt to beat Facebook to the punch by launching a full scale music service that itegrates directly into user profiles and enables MySpace users to automatically generate their own musical profile similar to the type produced by Last.fm.

I can hear the music executives shaking in their boots as this means even lower margins for the already struggling music industry. Do you think music will eventually become ad supported or simply included as a tax in our broadband bill as other has suggested?