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Record Labels Change Minds About Sharing MP3s

Posted by kdawson on from the seven-years-late dept.

Mass Defect writes "While the RIAA continues to sue people for p2p file sharing, the record labels have made an about-face and given their blessing to users sharing MP3s via the social networking site imeem.com. In May this year the site was being sued by Warner for allowing users to upload photos, videos, and music to share. However to everyone's amazement, instead of being flattened, imeem.com managed to convince the label that this free promotion was a good thing. In July imeem.com signed a deal with the label. Since then the site has added Sony, BMG, EMI, and now the biggest fish of them all, Universal. Imeem now has the royal flush of record labels supporting its media-sharing service, each getting a cut of the advertising revenues generated by their catalog. Finally someone has figured out a way to do 'YouTube for MP3s' without getting sued out of existence."

5 of 243 comments (clear)

  1. The end it near by Kintarotpc · · Score: 2, Funny

    Does this mean that the universe is going to end?

  2. Re:About time by Martian_Kyo · · Score: 2, Funny

    Yes but RIAA was never opposed to music sharing because of the revenue...but because of the principle and morality.

  3. Common sense? by InvisblePinkUnicorn · · Score: 5, Funny

    This isn't an outbreak of anything but more crap. Who would use this service? It's like going to a news site where all they do is provide a brief, degraded version of an actual news story...

    1. Re:Common sense? by mincognito · · Score: 2, Funny

      Who would use this service? It's like going to a news site where all they do is provide a brief, degraded version of an actual news story..
      I'm not sure about imeem, but what if -- get this -- you had a site with degraded news stories *about* degraded services? The news stories could be degraded in just such a way that made the degraded services appear *non-degraded* and really cool. Then, you provide a forum for people to bitch about the service and about how it shouldn't have been covered in first place. What do you think?
      --

      Ludwig Wittgenstein
  4. Parallel universe? by nevurthls · · Score: 2, Funny

    Did we switch to one while I was asleep?
    I guess this means Duke Nukem Forever will be coming out next month.

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    I am a viral sig. Please copy me and help me spread. Thank you.