The buzz topic for the week of December 12, 2007 included imeem allowing people to stream, but not download, an unlimited number of songs and videos. imeem makes money by selling advertising. It shares ad revenues with its label partners. imeem has deals with Universal Music, Warner Music, Sony.
It seems that there has been lawsuits involving the use of peer to peer software with respect to music over the Internet not just in the United States but other countries as well, such as France. Many involved in producing copyrighted content do not like their content shared on sites without any payment of royalties. These companies go after the sites that host the software and other distribution projects, not just the creators of the projects. By getting the recording industry involved in its revenues, imeem might have an “in” on distributing music over the Internet.
With imeem, record labels show understanding of online social media, and how online distribution of their works will allow an unlimited number of people to hear music, conquering not just the audience of one country, but territories throughout the world.
How will imeem create changes to the application of copyright laws? With permissions for streaming, revenue sharing to the copyright owners, imeem may be an example for other companies who want to distribute products and services to the mass audiences.
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