I noticed some of my music/imeem posts had gone orange on me, and *le gasp* IMEEM is gone?
Apparently, IMEEM had some debts, and MySpace just bought it for only $1M. The transaction has been so quick, that imeem accounts haven’t been moved, and indie artists were left floating… and might not get paid at all.
This is what MySpace said:
We did not acquire imeem’s contracts or relationships as we have our own in place. MySpace Music has its own distribution platform, which includes relationships with prominent aggregators and indie labels, that provides indie artists ways to monetize their music on our site.
Sucks for indie music.
I wonder if I will get back those playlists though. I’m sure MySpace is planning to let people embed stuff, otherwise why “buy technology” from imeem, right? Those orange boxes suck.
via Wired.com
Indie artists, use CDBaby. Besides letting you sell the albums you want, they will digitize it and will sell it and distribute on mp3 form. Or if you really trust your fans, just self-host your album and use paypal. That way is easier to count hits on your own files.
