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Imeem

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contracts

Imeem Inks Deals With Big Four for Free Music, Its Soul [Updated]

The media-sharing/social networking site Imeem has inked a deal with Universal Music, making it the first site of its kind to forge unholy bonds with all of the Big Four. Update: The WSJ's issued a correction of the original source article. Under the deal, Universal gets a "payment each time a user listens to a given song only if related advertising revenue falls short of a contractually stipulated benchmark." In other words, Imeem cuts Universal a check whenever the ad dollars don't make it to a set amount. So, Imeem's still basically bleeding out for its users to simply embed and stream music (i.e., promote artists for the labels). More »

10:15 AM on Mon Dec 10 2007
By Matt Buchanan
2,249 views, 4 comments

Latest by deusdiabolus: I still use imeem to share new material I'm working on. But I have taken a liking to Virb. more »