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MySpace will be launching a platform for outside application developers in the 'next couple of months', according to Rupert Murdoch and MySpace chief executive Chris DeWolfe.
As predicted, Murdoch announced the plans during the Web 2.0 Summit in San Francisco yesterday, saying MySpace would begin by offering a directory of widgets that have been created for the site.
"We are going to create a sandbox for two million beta users and our developers. The idea there is to make sure the applications are safe and secure and pass a certain level of value to get on the site. We expect the majority of these applications will make it onto MySpace."
MySpace confirmed that developers would have control over ad revenues generated by their applications, as is the case on rival site Facebook.
DeWolfe also pointed out that third party widgets would not immediately be made available to all of the site's users - the site will intially restrict access to around 2m users to ensure that applications are 'safe and secure'.
Murdoch also claimed that, if Facebook was worth $15bn, then MySpace must be worth $45-50bn, based on anticipated earnings of $5bn.