RouteNote Blog » myspace music http://routenote.com/blog The World of Music Licensing and Distribution Thu, 09 Feb 2012 21:52:08 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Myspace to acquire imeem – what fate for 16 million users? http://routenote.com/blog/myspace-to-acquire-imeem-what-fate-for-16-million-users/ http://routenote.com/blog/myspace-to-acquire-imeem-what-fate-for-16-million-users/#comments Tue, 17 Nov 2009 16:07:05 +0000 Dashiel http://routenote.com/blog/?p=2096 myspace_logoAiling social giant Myspace is in acquisitive mood. Having just purchased iLike (the same service that just did the music search deal with Google), they’re now in talks to make a deal to buy imeem, the music streaming service that bought SNOCAP, and that is reported to have around 16 million users. Currently imeem is suffering the same difficulties as other free music streaming services like Spotify – balancing the ad income they receive against the licensing and bandwidth costs of streaming tracks.

This deal would provide Myspace with some fresh blood in it’s music department, along with some experience in solving the problems of a high-traffic music streaming service – something which they’re looking hard for at the moment, as a Myspace Music that has to be paid for will inevitably lose a lot of traffic. They’ll also be losing their Google ad revenue, unless they renegotiate the deal, and with dropping traffic and dropping revenue, they are going to have to innovate or die. The deal isn’t closed yet, and there’s been no indication of how the sites and services might be integrated. Rest assured, if it starts looking profitable, we’ll strike a deal to distribute music to them so you don’t miss out.

Click here to read TechCrunch’s article about the acquisition.

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]]> http://routenote.com/blog/myspace-to-acquire-imeem-what-fate-for-16-million-users/feed/ 1 Universal Music and YouTube Partner for New Music Vide Website http://routenote.com/blog/universal-music-and-youtube-partner-for-new-music-vide-website/ http://routenote.com/blog/universal-music-and-youtube-partner-for-new-music-vide-website/#comments Sat, 07 Mar 2009 10:45:55 +0000 Finchy http://routenote.com/blog/?p=601 CNET and the Wall Street Journal are both reporting that Universal Music Group and YouTube are in final negotiations to create a new music videos website, with the working title of Vevo.

The site is intended to feature music videos, artist-related content and interviews. The aim of course is to bring in more high profile brands who arent necessarily interested in advertising on YouTube because of its user-generated content.

It has been mentioned by CNET that the three other major labels have all been approached to join the Vevo service. Im sure this would all work in the same way as Myspace Music in which the major labels all have an equity stake. Myspace Music has amazed me that so many independent labels have come on board with the solution, because they should realise that part of their profits are still going to the major labels. However, with Myspace Music most independent labels need to have their music on the site, so why not make some revenues in the process.

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