Word: imeem
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...Imeem go from being sued by the music industry to partnering with it? Just two months after filing charges, Warner Music dropped its suit against Imeem in exchange for a stake in the company. Wise move. And new ad-revenue sharing deals ensure that whether listeners pay for music or not, the labels still make money...
Though both sites have rights to the same music, you won't necessarily find the same tunes on each. MySpace gets most of its major-label music directly from record companies; Imeem gets those same songs from members who upload tracks from their personal archives. "We're really crowd-sourcing our music," says Imeem founder Dalton Caldwell, which is arguably a more democratic way to make the most popular tunes available first. Before songs can be shared on Imeem, the site checks the digital fingerprint of each track to make sure it has the legal right to distribute...
...share music with your friends. MySpace is basically a walled garden. You can share your playlists with other MySpace users - and it's definitely fun to check out what new songs your friends are grooving to - but you can't listen to those playlists on other sites. Imeem, on the other hand, lets people export and post their playlists on blogs, Facebook, and even MySpace, using an embeddable widget. That means your friends can listen to your Imeem songs without ever logging onto Imeem (or even knowing that it exists). But MySpace president Chris DeWolfe thinks playlists make more sense...
Indeed, compared to MySpace, which has about 71 million U.S. users (17 million of whom already listen to music regularly on the site), Imeem is relatively unpopulated. It has about six million unique visitors in the U.S. and 17 million worldwide, according to Quantcast. "They have a dedicated but very small constituency," notes NPD entertainment analyst Russ Krupnick. Part of the problem is Imeem's jumbled interface, which is so focused on community that it's not immediately obvious what the site is even about. Part of it is legacy: Imeem, which was co-founded by engineers from the original...
...Still, Imeem escaped Napster's fate and went on to make online music history in December 2007, when it became the first site to stream free music legally from all four major labels. (Indie music abounds on the site as well...