iMeem acquired by Myspace? Well, shit.
Over on TechCrunch Michael Arrington is reporting that Myspace has acquired iMeem, which is confirming the rumors they reported on yesterday. Word on the street is that Myspace is only paying a paltry $1million. This is an incredibly low price to pay for a well-respected service, but they aren’t acquiring all of their assets either. Whether iMeem continues as a standalone service in the future is up to the labels, says TechCrunch’s sources.
Either way, this doesn’t really matter in the long run. I am not sure if I really saw iMeem sticking around for much longer anyway. They have had far too many strokes with death to outlast it forever. Plus, with Spotify hopefully launching stateside in the near future, and Rdio coming soon from the creators of Kazaa, Skype, and Joost, we shouldn’t have too many problems with finding a great music service.
No matter what, it is foolish to think that cloud-based streaming music services aren’t the future. I have over 50gb of music on my hard drive at this instant, and with today’s technology it is far too easy for me to lose it all. LaLa’s Music Mover service is a step in the right direction, but we will have to see where things keep moving. Whenever I can listen to my music library instantly on my computer, phone, or anywhere else in the world, then things will be right. Also, this is going to happen sooner than I think most people realize.