More imeem Stories

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iLike was once the most popular music application of Facebook, with close to 10 million active users generating 1.5 billion page views per month. On Tuesday, it finally shut down. Its demise proves once again that online music is a tough business to be in. Read more »

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A U.S. district court judge has fined music site Imeem $1.77 million after it failed to appear in court to respond to a copyright infringement lawsuit. The suit had been partially to blame for the company selling its assets to MySpace for less than $1 million. Read more »

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This morning news broke that MySpace, the second-largest social network that’s currently reinventing itself as a music destination, was buying imeem, a free online music service that has been remixed (and remade) more times that ’90s dance anthem “Keep on Moving.” TechCrunch, which reported on the […] Read more »

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Consolidation appears imminent in the free streaming music sector, as MySpace is on the verge of acquiring social music site Imeem. A source with knowledge of the situation confirmed that negotiations are in process, but no deal is set. If it happens, the buy would be […] Read more »

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Twitter is a remarkably flexible application -– an efficient news service, a way to keep up with friends, a replacement for RSS feeds, a resource for links worth sharing, a broadcast medium and two-way method of social interaction (if not quite a social network). But I’m […] Read more »

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Imeem lost a key backer when the social music site raised its last round of financing this spring: Sequoia Capital. The stalwart VC firm, which invested in Imeem’s Series A round and followed on at least one other time, has apparently lost confidence in the startup’s […] Read more »

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It’s been a busy September for the digital music business. Steve Jobs reappeared onstage to introduce the iTunes LP format and a series of new iPods. Anticipation grew around European streaming music service Spotify, which is due to arrive on U.S. shores in the coming months. […] Read more »

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[qi:005] Earlier today, news emerged that Warner Music Group had taken a $33 million writedown on its investments in startups Lala ($20 million) and Imeem ($15 million). What that means is that Warner music is giving up on these ad-supported digital music startups and moving on. […] Read more »

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I was talking to an executive at a major label the other day. We were talking about startups and he noted that they either sue these companies out of business or legitimize them out of business. That is not far from the truth. How many legitimate, […] Read more »

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[qi:005] As Apple (APPL) and Amazon (AMZN) duke it out in the MP3 price war, music publishers are still trying to figure out how to cash in on a crowd that will go to great lengths to get its music for free. Imeem, a San Francisco-based […] Read more »

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