Imeem makes deal with Universal Music Group
December 10, 07 by Mr.Q
Ad-supported music streaming site had finally signed a deal with the fourth and final major label, Universal Music Group, to make its entire digital catalog available for free to its members. Music from EMI, Warner Music, and Sony-BMG is already available on the music social network for awhile now. This makes imeem the first social network to have a complete library of full-length music streams from all four labels. In addition to music from independent labels, imeem now has about 5 million songs that its users can listen to, comparing to 6 million that iTunes has, but available for free. Now, the big experiment can finally begins … ad-supported vs. pay for play … what revenue generating model will win out in the end.