A streaming music-revenue sharing deal has been struck between hybrid IM and social net imeem and online music distributor Snocap. The deal calls for imeem to allow Snocap’s artists to stream music for free on the social net’s site. In return, Snocap, which is run by Napster founder Shawn Fanning, gets to promote artists from labels it has deals with to imeem’s 16 million users and the labels, aside having a new marketing avenue, can point to one site that gives them control over their content. As a further incentive, imeem and Snocap promise to share ad revenue with the record companies as well. Imeem contends that could be more valuable than charging royalties for the use of artists’ songs on the site. Snocap’s artist registry currently includes over three million songs. All of Snocap
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post