Apr 08
Music social network Imeem has acquired , which uses Snocap technology, is gaining the firm’s content identification technology and a digital registry, as well as its COO. Snocap’s CEO Rusty Rueff is moving on.
Snocap’s technology matches digital music to its database of 7 million
songs, which then lets Imeem figure out how to allocate portions of its advertising
revenues to the music companies who own the copyrights to the songs.
Snocap has been on the chopping block for some time, so it’s not necessarily indicative of a massive downward trend. But it’s another example of how the business model for digital music - even those that are fairly useful - still has yet to be worked out. And why some of these , paidContent]
Share This
Random Posts
