The popular social networking website MySpace announced Thursday it will soon make it possible for its members to share the information on their MySpace profile with other sites such as Yahoo, eBay, Photobucket and Twitter. MySpace also hinted that it is open to collaborating with its main rival Facebook.

The Beverly Hills-based company said it will initiate the "data availability" project, as they called it, in the following weeks.

"The walls around the garden are coming down," said MySpace chief executive Chris DeWolfe.

"We, alongside our data availability launch partners, are pioneering a new way for the global community to integrate their social experiences Web-wide," DeWolfe added.

MySpace users usually spend lots of time customizing their profile by uploading pictures, videos, music, links and blogs. The new "data availability" project will make it easier for them if they decide to redo the whole thing on other websites.

MySpace members will be able to select the data they want to transfer on other sites by using mini-applications installed on partner websites.

MySpace will have the role of the “engine” doing the transfer and, according to DeWolfe, it will get out of this the enablement to promote “more open and social Internet."

"We believe that the more open and the more social the Internet becomes the better it is for MySpace," DeWolfe told reporters at a news conference.

"We are happy to work with Facebook if they want to join up with us on this project, as with any group that wants to work with us," he added.

The websites involved in this project have 150 million users and also have a big slice of 85 percent of the Internet market in the US.