How bad is MySpace Music bleeding? An earlier analysis by Digital Music News showed serious traffic declines, and suddenly huge contrasts to sites like YouTube. More recently, TechCrunch founder Michael Arrington pegged MySpace Music losses at $10 million a month, according to conference notes from paidContent. “Your music business is losing $10 million per month – is that working for you?” Arrington jabbed MySpace co-presidents Jason Hirschhorn and Mike Jones during the larger TechCrunch Disrupt in New York.

A pointed question designed to get a reaction, though Hirschorn calmly countered the loss figure as “not correct.” And, the group noted that on-demand streaming is driving broader revenues.

But how to monetize the beast? At present, there are no plans to charge users – at least for now. “We’re constantly talking to the record labels,” Jones said. “And so that could change. Right now, we’re a valuable music discovery service for them.”