Wanting to be big in music = wanting to be a media company, and comes with a similar set of pitfalls, namely being beholden to a bunch of anti-tech established music companies. Also, I'd challenge whether there is room for incredible success. What's the biggest music success? Spotify? Pandora? Compare that to Facebook, and it is clear which direction had more potential.
I would disagree, being a publishing company, a movie review company, a comic book company, video company ... these are all things Myspace was attempting, is not the same as being a music company.