Streaming Service Imeem to Launch Own Digital Song StoreAuthored by Mark Hefflinger on July 7, 2009 - 7:46am.
San
Francisco - Streaming music
service imeem is quietly testing its own digital music download store,
TechCrunch reported, with the company saying that it will continue to offer the
existing links to purchase songs heard on its service from Apple's (NASD: AAPL) iTunes Store
and Amazon MP3 (NASD: AMZN) when its own store launches.
The feature is currently being tested on sales of songs and full albums from some Sub Pop artists, with payment options including credit card and PayPal. TechCrunch calculated that by operating its own store, imeem stands to triple its revenue from song sales, from the 5% it gets from affiliate sales through iTunes or Amazon. The company last week said it would discontinue some of its social network features, such as photo and video uploads, and concentrate on its music service.
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Comments
Imeem is heading towards failure
Really Imeem, are you that desperate?
Imeem is on its way out. It
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