Imeem Readies Ad-Supported Music Downloads
June 21, 2007 at 5:46 AM (PT)
IMEEM INC., a music-based social networking site, has launched a digital music service supported by advertising and will share the revenue with the musicians and record companies, reports REUTERS.
IMEEM, a SAN FRANCISCO-based start-up, said the service will have some 3 million songs from more than 5,000 independent record labels representing artists such as JIMI HENDRIX, BARENAKED LADIES and PUBLIC ENEMY. IMEEM will impose limits to its free music sharing system that lets users upload their own music and share song playlists with others.
"It's definitely not exactly how it worked before, but at the end of the day we believe our user base cares about the site and community," said founder DALTON CALDWELL in an interview. "We believe it's very much in line with the intent and spirit of the site."
IMEEM's new music service automatically identifies uploaded content and determines whether the content owner has permitted streaming on IMEEM. The service will distribute a share of the advertising revenue to the artist or record label.
IMEEM was sued for copyright infringement last month by WARNER MUSIC GROUP (NET NEWS 5/16). WARNER said IMEEM had built a base of 16 million users by capitalizing on the "illegal use of free music."