Streaming music startup Imeem was bought by MySpace at a fire-sale price earlier this year, after giving up on trying to make a go with its existing business model. Now a report from Digital Music News claims that the final straw was a lawsuit from digital distributor The Orchard, based on alleged misuse of the catalogue of its TVT Records division. However, as the article points out, while that lawsuit was the “final nail”, it was the problems with Imeem’s business model – including the terms of its licensing deals with the major labels and its lack of decent advertising revenues – which really scuppered it. Source: PaidContent

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