PapaSkin
12-10-2007, 04:10 PM
On the heels of the news that Universal was limiting song length on myspace comes the news that Imeem (http://www.imeem.com/) is the indirect benefiary of the deal. The music social-networking site has completed negotiations with Universal and now is legally allowed to stream music from all four of the major labels. In exchange, Imeem will provide a cut to Universal.
In recent years, the major labels have become increasingly desperate for a new revenue stream with CD sales drying up, and single-track iTunes-style sales cutting into revenue. The labels have maintained fairly strict control over streaming music, so this deal provides access to the largest music catalogues available.
More... (http://www.punknews.org/article/26879)
In recent years, the major labels have become increasingly desperate for a new revenue stream with CD sales drying up, and single-track iTunes-style sales cutting into revenue. The labels have maintained fairly strict control over streaming music, so this deal provides access to the largest music catalogues available.
More... (http://www.punknews.org/article/26879)