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MySpace-Imeem Deal Leaves Indie Artists Unpaid

azoblue writes with news that following MySpace's acquisition and shutdown of imeem, independent artists who sold their music through imeem's Snocap music storefronts (on MySpace and other sites) won't be paid what's owed them. More than 110,000 artists are believed to be affected. The crux of the problem is that MySpace acquired only a certain portion of the assets that were imeem — "the domain name and certain technology and trademarks" — and not imeem’s outstanding debts, including the money imeem owed to artists under the Snocap relationship. According to the article, some artists have been owed money for more than a year. "Napster creator Shawn Fanning co-founded Snocap in 2002 to let artists sell their music through an embeddable storefront widget. At one point, the service was marketed as the exclusive way for artists to sell music on MySpace. Imeem bought Snocap last summer. But because MySpace left most aspects of Snocap out of its acquisition of imeem’s assets, all 110,000 or so of those storefronts are gone. The server that hosts them is offline and so is the Snocap website."

11 of 124 comments (clear)

  1. Re:They're indie artist for a reason. by MrNaz · · Score: 3, Funny

    You take that back before I give you the Celine Dion Limited Edition Discography including audio of her interviews and outtakes!

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    I hate printers.
  2. Re:Meet the new boss by MrNaz · · Score: 3, Funny

    No, I think it was camouflage for their total inadequacy when it came to running a business.

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    I hate printers.
  3. Re:Myspace is fast losing relevance by PopeRatzo · · Score: 2, Funny

    What's MySpace?

    It's Facebook for even bigger losers.

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    You are welcome on my lawn.
  4. Re:That's insolvency by Chelloveck · · Score: 4, Funny

    Some sort of Recording Industry Association, then?

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    Chelloveck
    I give up on debugging. From now on, SIGSEGV is a feature.
  5. Re:They're indie artist for a reason. by Farmer+Tim · · Score: 2, Funny

    Your threat is feeble. I have recordings of Britney Spears singing without AutoTune, which I understand are prohibited by the Hague Convention...

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    Blank until /. makes another boneheaded UI decision.
  6. They stole from artists? by Sooner+Boomer · · Score: 3, Funny

    Better get the RIAA after them! Oh, wait...

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    Chaos maximizes locally around me.
  7. Re:Class Action by Anonymous Coward · · Score: 2, Funny

    Does it accept "legimit" as well, or is that just an archaic form of legitimate?

  8. Re:Good indie music? by BadAnalogyGuy · · Score: 1, Funny

    Sir, I'd appreciate it if you could tell me where to find your lawn. I have the strange urge to get off it.

  9. Re:Myspace is fast losing relevance by AmberBlackCat · · Score: 1, Funny

    The question was, "what is MySpace". Not, "what is Slashdot?"

  10. Re:Good indie music? by black88 · · Score: 0, Funny

    "So please don't mistake "commercial potential" for quality, because the ones that decide that are the same ones that gave us pop idol crap and mall band pretty boy o' the week"

    You mean like, T-Pain, Eminem, Britney Spears, Disturbed, Celine Dion, Rihanna, Nickleback, Diddy, 3 Doors Down, etc?

  11. Re:Good indie music? by Falconhell · · Score: 1, Funny

    Quite so, as far as I can tell indie means;

    Drummer can't play in time.

    Guitarist plays 6 or 12 string Rickenbacker or gretsch, which is always slightly out of tune.

    Ditto Bass player.

    Any relationship between what comes for the vocalists mouth and singing is purely coincidental.