ok so just this morning i was talking about myspace and how it tends to insist on itself with all its changes. It loses sight of what the brand is then they turn around and buy imeem (which is my favorite music sight!!!!) and thus further echoing my sentiment and to prove it here is the timeline on the messages with me not knowing that imeem had been bought. i think i know a little about this social networking stuff. ALso let me say that google wave will grow and in the next few years take the place of twitter.. and you heard it first here.
Maurice Nate Willis Since every1 has sent myspace to the social networking graveyard, how long b4 fb joins? Then twitter? will google wave b 4 the cool peps
Maurice Nate Willis Honestly myspaces biggest assets could be their weakness. The inablity to change without completely reforming user experience.
Maurice Nate Willis Does the same but not as brand conscious. although they have created the best user experience from taking from other SN they lost the brand
- By Eliot Van Buskirk
- December 8, 2009 |
- 1:53 pm |
- Categories: Crowdsourcing, Media, Miscellaneous, Social Media,Startups
MySpace Music, a joint venture between MySpace and the major labels, completed a deal to acquire “certain assets” of the popular social networking site Imeem on Tuesday. Imeem is now offline. Various reports claimed the deal was done over the weekend, but MySpace Music CEO Owen Van Natta announced that the two companies only finalized the deal today.
So, what does MySpace Music have in store for imeem? According to Van Natta, MySpace Music plans to “leverage imeem’s industry leading technology” for starters, and “over time, meaningfully integrate their products into the MySpace Music experience.”
The entire imeem service has been removed from the internet, and its smartphone applications no longer function. According to two sources with knowledge of the deal who asked not to be named, imeem’s full-track-playback licenses essentially expired as a result of its inability to keep up with licensing payments, which apparently combined with a lawsuit from The Orchard (more on that below) forced the site’s sale to MySpace Music and near-simultaneous closure.
The imeem.com domain now redirects to MySpace Music, while links to some individual songs on imeem now redirect to their corresponding pages on MySpace’s recently-acquired iLike site (where, ironically, some of the songs come from MySpace competitor YouTube). Embedded imeem songs and playlists, including hundreds I have posted on Wired.com, no longer load at all. Imeem CEO Dalton Caldwell, CTO Bryan Berg, COO Ali Aydar and VP of Sales David Wade have signed on to MySpace Music as consultants to “help manage this transition,” including porting imeem playlists over to MySpace Music, which has its own licensing agreements.
Of particular interest to MySpace Music — the ad-supported, on-demand music service not to be confused with MySpace’s band pages — are imeem’s 16 million worldwide users and its staff’s experience in building the first music service that allowed users to embed songs and playlists on third-party websites. MySpace Music also getsimeem’s SnoCap property — a large database of music, co-founded by Napster’s Shawn Fanning, that allows independent bands to sell music on imeem, MySpace and other sites through embeddable widgets.
You were fun while you lasted, imeem, rest in peace — although it looks like you’ll rest in pieces instead. Fans now have one less licensed music source.According to insiders, imeem, which was alreadystruggling to cover its music licensing fees in a weak advertising market, was brought to its knees by a lawsuit from independent music consortium The Orchard that accused imeem of playing TVT Records’ music without the proper licensing. The lawsuit asked for the maximum penalty of $150,000 per infringed song; imeem apparently thought it had a case, but lacked the funds to pursue it.
thank you chopra i just saw this comment.. better late than never right? LOL thank you again.
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