Easily my favorite app on the Android platform is Imeem. It’s simple, fast and powerful, allowing you to listen to a huge range of music for free. And now it’s coming to the iPhone, we’ve learned.
The Imeem app has already been submitted for App Store approval and could be released any day, we’re hearing from a reliable source. In terms of what it will offer, you can probably expect it to be about the same as the Android version. That means access to Imeem’s library of music and perhaps more importantly, access to your own collection of songs from the cloud, if you use Imeem’s MyMusic service to put your music on their servers. → Read More
How bad are things getting for music streaming startups? We knew that imeem was on the verge of shutting down before getting a last-minute cash infusion from some of its investors, but an SEC filing from Warner Music adds some more details about exactly how dire imeem’s situation is, as well as that of another music startup, Lala.
Warner Music Group, an investor in both imeem and Lala, thinks they are no longer worth much, if anything at all. It wrote down its entire investment in imeem and half of its investment in Lala in the most recent quarter. As detailed in its 10Q report filed with the SEC, it took a $16 million charge to write down its investment in imeem, and an $11 million charge to write down part of its investment in Lala, plus it took another $4 million charge to write down a bad debt from imeem which it never expects to collect. That comes to a total of $33 million down the digital music drain. → Read More
Insert your favorite cliche or idiom here: Imeem may have dodged a bullet. Or has risen from the ashes. They have nine lives. Or my favorite: they may have pulled a rabbit out of the deadpool.
The point is, they aren’t going to be closing down any time soon, say sources close to the company. And for a free music streaming company, that’s really saying something.
Weeks ago they were on the ropes, near the end of cash and with crushing venture debt obligations threatening to shut them down entirely. No one was interested in buying them or putting in more cash with big music label royalty commitments already past due.
Then we heard whispers that they may have a plan to build a profitable business. And apparently they’ve convinced at least their current investors to back that plan with more capital.
CNET’s Greg Sandoval reported earlier today that the company may have raised new funding (he used the “dodged a bullet” idiom, by the way). We’ve confirmed that the company has raised a new round of financing from existing investors. There’s no word if Sequoia has put new money in, and we’ve been told the amount raised is small, likely in the single digit millions. But it allows iMeem to make payroll and keep the servers running.
More importantly, the company has forged new deals with the music labels, we’ve heard, that help it break away from the crushing pay-per-stream model that’s impossible to cover with advertising. → Read More
One of the reasons that Internet music streaming services Pandora, imeem and Last.fm have been able to build large audiences is because they are run by people who have a passion for music. Or should I say, a passion for music beyond pop music. With Goom Radio, I’m not so sure.
Not only is Goom clearly trying to play the popular music card with a website littered with the likes of Coldplay, Kanye West, Beyonce and Britney Spears, but it promises to have “passionate programmers” and DJs. I don’t know about you, but I had two core reasons that I stopped listening to tradtional radtio long ago: Crap music, and DJs. Goom, apparently, sees those as strong suits. → Read More
I’ve been tracking the progress of Vienna, Austria-based music startup tunesBag for a while now. It’s essentially a social music player that can best be compared to the likes of Lala, imeem and Anywhere.fm in the sense that it allows you to upload your entire MP3 collection, stream it from anywhere over the Internet and share it with your friends. It’s completely free and claims to be perfectly legal under Austrian law, which I’m not sure will be enough of a shield against sue-happy music labels should it become popular.
TunesBag doesn’t bring anything truly innovative to the table, but it’s always nice to know there are alternatives available, and tunesBag is a strong contender that too often remains under the radar, even if you need an invite code to get in for now.
Today, the company is hoping to change that with the release of an Adobe AIR-powered application (hence available for Windows, Mac and Linux) that brings some of its goodness to the desktop. You’ll still need an invitation code to access the service for now, but hopefully they will open up to the masses soon. Update: TunesBag came through with 500 invites. Sign up here or use the code TECHCRUNCH. → Read More
Imeem, the free streaming music site backed by Sequoia Capital, Warner Music and other prominent investors, is rumored to be in serious trouble.
Music insiders are saying a shutdown of the company is imminent after a failed attempt to sell the company or raise more cash. A spokesperson flatly denied the shutdown rumors today, but confirmed that the company layed off staff last week (six people from a staff of around 70). He wouldn’t comment on funding or sale rumors, although plenty of potential buyers tell us they’ve been pitched to buy the company over the last year.
The “problem” with Imeem, like all streaming music services, is that they have to pay a flat rate per stream to the music labels that’s hard to cover with advertising alone. Some companies pay as much as $0.01 per stream, which doesn’t seem like a lot – but at volume it’s crushing, particularly in a down advertising market.
One source tells us that Imeem owes the labels as much as $30 million to date with no hope of paying any of it. Imeem says that is “extremely innacurate,” but confirms that they are playing “in excess of a billion songs and videos per month.” → Read More
There’s something wrong with CBS Radio’s press release announcing the launch, complete with silly “countdown,” of 92.3 Now FM in New York City, a contemporary hit radio station that will replace K-Rock on Wednesday, March 11, at 5:00pm. (Contemporary hit radio, in plain English, means garbage pop songs, distinguished by their use of auto-tune and use of lowest-common-denominator song-writing.) CBS Radio Senior Vice-President of Something or Other, Don Bouloukos, is quoted in the release as saying, “Our assets in the country’s No. 1 market include among them the best known brands in the business. From the most listened to news and sports stations in the country, to the classic sounds of WCBS FM and the adult contemporary styling of Fresh 102.7, CBS RADIO offers something for everyone in the market – including young adults who are using the radio to discover today’s most popular music as featured on 92.3 NOW FM.” [Emphasis added, obviously.] And that, friends, is why the radio business, as we know it, is truly doomed. No, Mr. Bouloukos, young people are not turning on their radio to discover new music; they’re certainly not sticking around to listen to new music on a commercial radio station. No, sir, that’s what the Internet is for, and thats why your business has no future. → Read More
Music recommendation engine / social network Last.fm has launched an official, feature-rich application for the Android platform that enables users to stream radio stations (including personalized streaming radio), consult up-to-date concert information and also offers the ability to track users’ listening habits based on their Last.fm profile.
The company says the application should be available here, but I’m not seeing anything there yet so maybe we should just be patient until they get around to effectively have the app up for download on Android Market. (It’s also nowhere to be found when you actually search from the G1).
Update: it’s available from the phone now.
The application enables users to access their Last.fm profile and millions of streaming tracks on Android-powered phones, and supports ‘background playback’ so you can listen to music while you access other programs. → Read More
MOG demo’d the next version of their popular music service to me today, and I was impressed. It combines a best of breed interface with free on demand streaming and a Pandora-like music recommendation engine. The trouble is, it may never launch because only two of the four major music labels are supporting it so far.
MOG has a history of doing cool new things around music. The service today includes a media player plugin that records and analyzes your music habits, a website that has a dedicated page for every artist, album and song with user generated reviews and posts, and an advertising network that provides revenue for 300 top music blogs. Users can also stream music via an excellent front end to Rhapsody.
All of that brings about 5 million unique visitors a month to their network, and the company says they should bring in about $5 million in revenue in 2009. → Read More
What were the top social media sites of 2008? ComScore came out with its worldwide traffic stats for November a few days ago (so these don’t include December). They are a mix of social networks and blogging platforms. Blogger, the orange line in the chart above, still rules the roost with an estimated 222 million unique worldwide visitors in November (up 44 percent from November, 2007). Facebook, the blue line, is on pace to pass it soon with 200 million unique visitors (up 116 percent). (Note, though, that this is more than the 140 million active users Facebook itself reports—go figure). MySpace is pretty steady at 126 million uniques. Wordpress is a close fourth and gaining with 114 million (up 68 percent). And Windows Live Spaces is down 22 percent to 87 million uniques.
ComScore keeps a list of what it calls “social networking” sites, but these include blogging platforms and other social media sites as well. While the audience for blogs is still showing healthy growth overall, Facebook stands out as the social gorilla taking share from not only other social networks but blogs and other social media as well. Below are the top 20 sites on comScore’s social networking list. → Read More
Last night we released the finalist names for the Crunchies Awards. Vote here for who you think should win. We’ve set up a site that is pretty self-explanatory, with all of the names of each finalist for every category, along with links to their Websites and Crunchbase profiles where you can learn more about each one before voting. The Crunchies represents the best the Web had to offer in 2008, and you get to help choose who will win. Below is a voter’s guide for two of the major categories to get you started.
Best Overall is the big prize. Amazon Web Services makes it as a finalist this year because of the sheer number of startups that are built on top of its cloud computing infrastructure. Facebook won last year, but makes a return as a nominee due to popular demand. Facebook continued to gain massive mainstream adoption in 2008 (with 140 million members now) and launched some major initiatives to extend its social computing platform beyond its site, most notably Facebook Connect (which by itself is a finalist for Best Technology Innovation, going up against Google Friend Connect). But does Facebook deserve to win again? → Read More
Music streaming service Project Playlist has 40 million users if you believe their home page, or around 10 million if you go by Comscore unique monthly visitors. Either way, it’s a lot. They’ve got a hot new CEO, raised a big round of financing, and finally signed a deal with a big label.
But they’re also in a very vulnerable position right now. Litigation with the other three labels continues, and they’ve been banned from both MySpace and Facebook after those labels threatened to sue them, too. Embedding music playlists on social networks is the key to Project Playlist’s continued growth, and that door has been closed.
And Project Playlist’s competitors have certainly noticed. → Read More
Just in via Twitter: Pandora has registered its 20 millionth user. The three-year old music streaming service is trying to hold its own despite tough economics and recent layoffs.
Its music-recommendation engine pumps out personalized radio stations over the Web, and its iPhone app remains one the top free apps on iTunes (currently No. 21). → Read More
Today, CBS Interactive is laying off people across several of its properties, I’ve confirmed with the company. CBS is not saying which divisions or how many people are affected. It is positioning the layoffs as part of the integration process it began six months ago when it bought CNET for $1.8 billion. But it is not just the CNET businesses that are being cut.
I’ve also confirmed that earlier today employees at social music site Last.FM were let go. CBS bought Last.fm in 2007 for $280 million. One source puts the number of layoffs at as many as 40 people, mostly from LAst.FM’s London HQ, which has a total staff of 95. A spokesperson for CBS Interactive says that number is inaccurate on the high side, but won’t provide the correct number. In any case, it is likely a small fraction of the overall number of employees being laid off across CBS Interactive. Update: CBS says the number of Last.fm layoffs is less than 20, which would put it at about 20 percent. → Read More
Pop sensation-turned-tabloid punching bag Britney Spears is ready for her comeback. Britney has just released her new album Circus exclusively on imeem, where you can stream the album in its entirety for free (you’ll also be able to embed the album playlist anywhere you’d like). The downloadable/physical version of the album won’t be available until December 2nd, but you can currently pre-order it through imeem and a number of other stores.
The exclusive album launch marks a big win for Imeem, which also recently launched Lil Wayne’s latest mixtape, Dedication 3. The site seems to be in a heated battle for album launches with MySpace Music, which has also launched a number of high profile albums in the last few months, including Guns N’ Roses’ first album in 17 years, Beyonce, The Cure, Oasis, and a number of others. imeem’s Matt Graves says that one advantage imeem has over MySpace Music is its embeddable playlists, which makes it easier for albums to go viral as they get embedded on blogs across the web. Conversely, he says that MySpace albums will only stream from the artist’s profile page. → Read More
This has been a brutal month or so for tech layoffs. According to our Layoff Tracker, there have been 19,683 job eliminations at tech companies announced since mid-September, and we’re not even counting the 24,600 people at Hewlett-Packard who are being eliminated as a result of its merger with EDS.
But only five big companies make up more than 90 percent of the layoffs: Xerox (3,000), Dell (8,900), Yahoo (1,500), eBay (1,500), and German chipmaker Qimonda (3,000). The other 33 companies are mostly startups, and collectively account for 1,683 layoffs. Although three more companies (Sony Ericsson, Nvidia, and TicketMaster) account for an additional 1,110 job losses.
After stripping those out, you get closer to a pure number of layoffs at tech startups: 573 → Read More
We’ve confirmed PaidContent’s report from earlier today that music startup Imeem has laid off 20 employees, or 25% of its total staff.
PR representative Matt Graves gave a now-familiar explanation for the cuts:
Given the current economic climate, we decided to be proactive in cutting costs – before we needed to – for the long-term benefit of the business.
The company did not confirm reports that Montgomery & Co. has been hired to find it a buyer. That wouldn’t be terribly surprising, however, given the direction Imeem’s US traffic has been heading: → Read More
What good is an endless jukebox in the sky if you can only listen to it while you are sitting in front of your computer? Imeem answers that with what is certainly the best Android app I’ve seen (or heard) so far. It’s called imeem Mobile, and it is the musically-oriented social network’s first foray into the mobile arena.
Imeem is one of the few music Websites with streaming licenses from all four major music labels, plus most of the independents. Imeem offers its music streams for free, supported by advertising and affiliate fees from music downloads. With imeem Mobile, the most popular songs from its catalog are available for streaming on the Android phone. You can search for specific artists (I had no trouble finding songs from a wide spectrum of artists including David Bowie, the Beastie Boys, Vampire Weekend, and Serge Gainsbourg, for instance). Or you can just pick one artist and let imeem create a playlist of related songs that it streams radio-style. → Read More
Okay, this has to be the coolest hack of the week. Visual search engine SearchMe has just added a music search tab that brings back results with free, legal, unlimited full-song streams and cover art you can flip through. It’s CoverFlow on the Web. And it actually trumps the experience one Yahoo’s music search, which also offers free full streams through Rhapsody—but those are limited to 25 streams a month per searcher.
SearchMe instead is tapping into imeem’s vast catalog of fully licensed music. (Along with Rhapsody and MySpace Music, imeem is one of a handful of companies with comprehensive music streaming rights from all the major labels). [Correction] But SearchMe is not using imeem’s API, which originally was limited to apps on imeem itself, but has since been extended to other sites through a. Instead, it using the widget loophole in imeem’s licensing deal with the record labels. Imeem users can stream any song and create playlists on imeem itself or through imeem’s widgets which can be embedded elsewhere. (Other partners such as Apture and Slide also use imeem’s API to invoke imeem widgets). → Read More
Nokia announced their Comes With Music program last month, a media download offering with backing from Sony BMG, Warner Music Group, EMI, and Universal Music Group. The system, along with the Nokia Music Store, has about 5 million tracks currently available and Nokia has announced the Music PC client for easy downloads. You can drag CDs into the application for immediate ripping. Comes With Music streamlines that process by offering unlimited over-the-air downloads your first year of phone ownership – provided you own a CWM handset – and the music remains in your possession after your contract is up. The contract lasts from 12 to 18 months and you enable the service by entering a code that will come with your new phone. Comes With Music is a bold move for a company traditionally stuck in the low- to mid-range feature phone market. The previous XpressMusic phones were Nokia’s first “media phones” aimed at folks who specifically wanted to listen to music on their phones. Traditionally, Nokia’s lines tend to skew to developing markets with their candy bar and slider phones and the high end with their Symbian S60 phones. → Read More
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