techcrunch.com - 3/26/2009
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Imeem , the free streaming music site backed by Sequoia Capital, Warner Music and other prominent investors, is rumored to be in serious trouble.
Music insiders are saying a shutdown of the company is imminent after a failed attempt to sell the company or raise more cash. A spokesperson ...
venturebeat.com - 3/27/2009
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venturebeat.com —
Sure, the music industry — including music startups
— are having trouble coming up with significant online...
music business models, but recent rumors circulating about imeem’s money problems appear to be exaggerated. The San Francisco ...
(more)
Music startup imeem making money, not dying unless the ...
newteevee.com - 3/30/2009
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newteevee.com —
Hollywood and the major record labels have always
enjoyed a love-hate relationship with new media, alternating between...
roses and lawsuits for online entrepreneurs, if you will. Lately, it was looking a little like love was going to win. Hulu, after ...
(more)
Watch Out, Hulu: Big Media Getting Ready to Eat its Young
readwriteweb.com - 3/26/2009
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readwriteweb.com —
Popular but legally challenged MP3 search engine Seeqpod
will soon start charging developers for access to its...
data, according to a source close to the company. A lot of interesting music discovery sites are about to go quiet, at least for a little ...
(more)
Seeqpod to Developers: Say Goodbye to Free Music
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iMeem: sinking fast
p2pnet news —
... “Now comes word from a variety of sources that imeem is in real trouble. Not the $30 million behind in payments to labels that one source told TechCrunch, but enough trouble that the future of the service that delivers in excess of 1 billion song plays each month is in serious doubt. In addition to dwindling cash reserves, a tough ad market and with few investors in sight, imeem faces both a major label community that appears unwilling to re-negotiate terms and the potential of competition from Spotify, Project Playlist and others.” ...
Music startup imeem making money, not dying unless the labels kill it
VentureBeat —
... But what about paying the bills now? Imeem was one of the first online music companies to work out a licensing deal with all four major record labels, and the terms are onerous, with the company possibly having to pay up to a penny to the labels for each song its millions of users stream. Rumors have been going around Silicon Valley and the music industry about immediate financial issues, with one being that they owe labels up to $30 million. Both the company and our sources say it is far less ...
Watch Out, Hulu: Big Media Getting Ready to Eat its Young
NewTeeVee —
... said to be in financial trouble, and Last.fm forcing some of its subscribers to cough up around $4 per month. There’s also a storm brewing in the online video world, where some networks have started to take their most valuable content offline in order to maximize traditional revenue, and platforms like Hulu are being forced to fight any attempt to bring online content to the living room. ...
Related Content
Why Imeem's Music Isn't Free on Cellphones
bits.blogs.nytimes.com 3/3/2009 — Imeem lets users play any song they want on their computers, but not on cellphones. Since there is no way--yet--to pirate music on a cellphone, it hopes to sell music on the go.
Imeem Company Profile
crunchbase.com 3/17/2009 — imeem is the world’s largest social music community. On imeem, people can stream unlimited music and videos for free, express themselves with music and video playlists, and find friends with similar tastes. To build playlists, people can legally ...
Rumor: Imeem Laying Off Staff and Looking for an Exit
readwriteweb.com 10/22/2008 — According to PaidContent , Imeem , one of our favorite streaming music services, is starting to feel the pressure of the economic downturn and is planning to lay off a quarter of its workforce. According to this report, Imeem is also looking for a ...
Imeem Brings Streaming Music to Android and Google G1
mashable.com 10/24/2008 — With the first Android-powered handset, the Google G1 , expected to go on-sale this week, the race is on amongst developers to get applications built and gain a first mover advantage. Tonight, Imeem is unveiling their app, which brings the company’s ...
Imeem for Android G1: Plug Into Local Music
mashable.com 11/29/2008 — Imeem went mobile with its launch of an application for the Android -based T-Mobile G1 smartphone last month, and now the company has complemented the release with some special extras.
The most intriguing addition is location-based streaming, ...
Music Social Network Imeem In Play; Hires Bank; Laying Off 25 Percent
paidcontent.org 10/22/2008 — Online music-focused social network Imeem is on the block, according to our sources, and has hired investment banker Montgomery and Co. to lead the sale. Coincidentally, we have also learned that the company is announcing some layoffs internally ...
Warner Music hooks up again with Imeem
news.cnet.com 6/15/2009 — A month after writing down its $16 million Imeem investment, Warner agrees to take a larger stake in exchange for reducing financial terms.
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