imeem Wants To Be Future Of Radio

Jul 12th, 2007 | By | Category: Digital Music

Social media network imeem and Warner Music Group today announced a strategic partnership that will make Warner’s library of music available to imeem users in North America for on-demand streaming using imeem‚Äôs free, ad-supported service.

imeem’s Web site lets users create, share and discover user-generated custom playlists, video channels, photo slideshows, and blogs with other members who share similar tastes in music, video, art and pop culture. With this partnership with Warner Music Group, imeem users can discover new music from WMG artists.

“This deal provides an opportunity to unleash the value of music on one of the world‚Äôs leading social networks by giving fans an environment where they can discover and share new music. It also opens the door for imeem and WMG to develop new strategies and products that will help introduce a more vibrant media marketplace to the social networking environment,” says WMG’s Alex Zubillaga.¬†¬†

“We are now able to offer our users an impressive level of free, interactive, and ad-supported access to an amazing catalog of both audio and video from a major record label,” said Dalton Caldwell, Founder and Chief Executive Officer of imeem.

In connection with this partnership, WMG dismissed its claims against imeem relating to the lawsuit filed by WMG against imeem in May.

No Responses to “imeem Wants To Be Future Of Radio”

  1. Yes… cool. and how much did Imeem pay to WMG for this deal, and to settle the lawsuit. And how much are they going to pay per stream / minimum revenues per song, and how much equity did imeem give to WMG, and how much will imeem’s investors pay for this privilege? And how long will imeem be around based on the financial mechanics of this deal? Another case of investors paying the large labels millions of $ for the privilege of getting a licensed catalog, only to then watch their company run out of cash?

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