Posts by socialmediamojo

Michael may have figured out why imeem will succeed

"the royalty structure ensures they will never turn a profit. Napster, Imeem and the upcoming MySpace music store fits in this category. At MP3.com we were profitable, but the portion of our business which served licensed music was never going to make any money"

Michael I know you were trying to say that imeem is doomed, but, like mp3.com imeem has an awful lot of music which isn't attached to money grabbing major label deals.

if mp3.com could be profitable then imeem can manage it too, and I'll wager that given the growth in the internet since mp3.com's heyday that imeem has a lot more music than mp3.com ever did.

Qtrax may not be the best example...

After all it's ad supported downloads, at least pandora/last.fm/imeem are streaming only and have a possible revenue stream from upselling users to paid for downloads from itunes/amazon/napster.

But pretty much someone at pandora/last.fm/imeem is going to have to figure out how to do deep analysis of user patterns and correlate music taste with non-music product purchases. I know it's possible, and these sites are probably going to be better at it than Google since they really are close to the music data, although they might have trouble getting the other half of the equation. All those sites should just hire some people who really understand statistics and good music (a rare person going by the music tastes of the few statisticians I've met in my time.) and throw data at them until they figure out what music sells which products.