Amit Chowdhry | August 10, 2008 | 471 views | Add a Comment
Categorized under imeem, Lala, Warner Music Group
Warner Music Group Corp. (NYSE:WMG) has invested in two Silicon Valley online music companies, Imeem and Lala.com. Imeem is a music, video, and photo sharing social networking website. Lala is a music streaming website.
Within the last year, imeem acquired SNOCAP and Anywhere.FM. imeem has over 24 million uniques per month and their widget reaches over 100 million users per month.
Lala.com has 5 million songs in their catalog that users can play for free. Users can add songs to their collection for 10 cents and buy MP3s for 79 cents.
Related Links:
1. imeem
2. Lala.com
3. Warner Music Group
Amit Chowdhry | April 8, 2008 | 636 views | Add a Comment
Categorized under imeem, Napster, SNOCAP
“imeem shares SNOCAP’s focus on enabling artists to promote their music in new ways,” stated CEO of imeem, Rusty Rueff.
Music streaming company, imeem has announced recently that they have acquired SNOCAP, a Digital Rights Management company started by Shawn “Napster” Fanning. SNOCAP owns their own digital registry platform that allows independent artists to control their music distribution. SNOCAP has over 7 million songs in their digital registry.
Financial details were undisclosed.
imeem spent the past year ramping up advertisements and partnerships. In 2007, imeem made deals with Universal, EMI, Warner Brothers, and Sony. While SNOCAP has been MySpace’s partner for spreading independent music. Through the acquisition the COO of SNOCAP, Ali Aydar will be joining imeem as VP of Operations.
Information Source:
[1] MarketingVOX: Music Streaming Service imeem Buys Indie DRM Firm SNOCAP
