Feeds

MySpace recruits Imeem band member

Web 2.0 music titan mashup

Top three mobile application threats

MySpace, the yesterday-man of social networking sites, has reportedly bought Imeem for an undisclosed sum.

Neither firm is commenting on the deal but it’s understood that News Corp-owned MySpace has stumped up around $8m for Imeem.

The acquisition of the ad-supported site represents MySpace’s latest move into overhauling its lagging site as a music property.

Imeem allows web junkies to create and share playlists of their favourite photos, songs, and videos. When the startup first emerged from the Web 2.0 swamp in 2006 following a revamp of its service, users were able to freely share almost any content.

In July 2007 all that changed in the wake of a lawsuit filed by Warner Music Group in May that year. Warner settled with Imeem after the firm agreed to tweak the terms of its service by cracking down on unauthorised streaming and inking a deal to share ad revenue with content owners.

It’s understood that Imeem will for the time being operate independently of MySpace, but some are speculating that the brand will eventually be munched up by MySpace Music. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'
Prospects for the future, however, please Wall Street money men
What's a right pain in the ASCII for IBM? Its own leech-like hardware biz
Keep your eyes on our cloud while we remove this pesky thing, say execs
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.