Acts can now transfer tracks, tour dates, biographies, videos and photos across to their official Facebook Page.
They will have to have set up a Facebook Page profile first and then go to the dedicated Myspace Music App on the Facebook page and connect their Myspace profile to it.
Full details of how to export profiles from Myspace and import them into Facebook are available here.
Myspace head of marketing, programming and entertainment Sam Wick told Mashable, “Every artist has a Myspace Page, so they've already published their content into our system. We believe by allowing artists to use an app that feeds into Facebook, it reinforces the need to post content to Myspace. It also makes it easier to manage their digital identity.”
It is moving into an already crowded space as RootMusic and damntheradio (among others) offer acts profile creation and management tools within Facebook.
This comes after Facebook refreshed its own Music On Facebook offering for musicians last week, offering new tools and guidelines on more effective social media marketing.
Back in November, the Mashup With Facebook offering allowed users on Myspace to log into Facebook via their Myspace account. Through it, all activity on Myspace could be automatically ported over to their Facebook profile page through Facebook Connect.
Last week, News Corp. reported that the division that houses Myspace posted a loss of $165m (£100.6m) in the last quarter. It blamed declining advertising and search revenues for the losses but added that this was offset slightly by lower operating costs. At the start of this year, the globally Myspace workforce was cut by 47%.
According to Reuters, News Corp. is considering up to five separate bids for Myspace and could sell it for $100m (£61m) having paid $580m (£354m) for it in 2005.