Beverly Hills, CA – MySpace has confirmed it misplaced 12 years value of music uploaded on its platform.

“As a results of a server migration challenge, any pictures, movies and audio information you uploaded greater than three years in the past might not be out there on or from MySpace,” the corporate stated in a press release.

The social networking website apologized for the inconvenience and included the e-mail tackle of its knowledge safety officer, Dr. Dana Jentzsch, in its assertion.

Andy Baio, who helped construct Kickstarter, shared his skepticism concerning the state of affairs on Twitter.

“I’m deeply skeptical this was an accident,” he wrote. “Flagrant incompetence could also be dangerous PR, but it surely nonetheless sounds higher than ‘we will’t be bothered with the hassle and value of migrating and internet hosting 50 million outdated MP3’s.’”

MySpace aided within the discovery of acts comparable to Drake, Nicki Minaj and Soulja Boy.

The website’s personal “Stats & Facts” web page accounts for 14.2 million artists and 53 million songs.

NewsCorp bought MySpace for $580 million in 2005. They bought it to Specific Media, an advert focusing on agency, for $35 million in 2011.

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