Word: musicalities
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MySpace's vast following makes it a likely leader in the on-demand music-streaming market. "This makes MySpace cool again in some ways," notes Jupiter Research's David Card, who adds that it may even lure new members to the site. But the free-music model looks like it may end up costing MySpace and other providers more than they had originally bargained: In an agreement announced Sept. 23, the music industry said it planned to adopt a sliding fee scale for free-music-streaming sites; instead of the 9.1 cents per song that is currently paid to songwriters...
...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...
Perhaps the most significant difference between the two services is how they let you 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...
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...