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Imeem Acquires SNOCAP

Social music site imeem, which offers free on-demand streaming music through a partnership with music's four major record labels, has acquired SNOCAP, a provider of digital licensing and copyright management services. Imeem has actually been using SNOCAP's technology for the past year, and Ars Technica believes that this partnership was one of the main reasons the record labels agreed to license their music to the social networking site in the first place. SNOCAP's technology ensures that the music is legit, and that artists are compensated whenever a user uploads or streams content that belongs to Sony BMG, Warner Music, EMI or Universal.

According to the company's Web site, SNOCAP will continue to offer its services to artists without any changes to their accounts, but they will not have their music automatically added to imeem's catalog. Instead, they will have to opt-in. However, artists using imeem can now make use of SNOCAP's services, such as the ability to sell music through SNOCAP's MyStore product.

"The SNOCAP team built a great technology platform that will be useful to imeem as we continue to grow," imeem CEO Dalton Caldwell said in a statement. "Together we'll build on that work in the coming months, and give labels and independent artists new ways to promote and sell their music through imeem, MySpace and anywhere on the web."

Read the whole story at Ars Technica »

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