On Tuesday a News Corp. exec said MySpace Music is likely to launch a subscription service before the end of 2010. While that may raise a few eyebrows, there’s no reason to think News Corp. was teasing an upcoming launch.

Jonathan Miller, News Corp’s Chief Digital Officer, was speaking at the MIPTV digital content conference in Cannes. His statements were reported by Music Ally. Specifically, what Miller said was a paid subscription service would be best suited for music, MySpace is “more likely than less likely” to launch a subscription service and “if it happens, it’ll happen this year.”

A MySpace Music spokesperson did not comment.

Although Miller’s words were very clear, this type of statement at a digital content conference is hardly an official announcement. And while it doesn’t take much to imagine MySpace supplementing its ad-supported streaming with a paid level of service, there is no indication anything is currently in the works. Chances are Miller was speaking hypothetically and was being realistic about the possible paths MySpace could pursue in the future.

At least the timing of Miller’s statement was notable. Last.fm announced Monday it will stop serving on-demand, full-song streams. Instead, the site will contain links to third-party partners such as Spotify, Mog, We7, Vevo and Hype Machine. In other words, Last.fm is offloading its royalties expense to other parties to focus on discovery (Last.fm radio will be unaffected by this change).