Episode 21 – Warner-Imeem, thefind, UPS, MySpace
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Episode 21 notes:
Warner Music Group has dropped its lawsuit against Imeem, the music sharing site, and in an interesting turn of events, has instead decided to offer up its entire music and video catalog in a revenue-sharing agreement.
Warner Music Group is offering its entire music and video catalog for free streaming on imeem, a Web site focused on letting users share music playlists.
thefind – clean shopping site – $15 million
TheFind is a comparison shopping search engine that is unusually clean — it doesn’t ask merchants to pay for their products to show up in results. TheFind’s traffic is growing.
This purity is one reason it has just won $15 million in fresh backing from big-name investors Bain Capital, Redpoint Ventures and Lightspeed Venture Partners.
LOUISVILLE, Ky. — Worldport, the United Parcel Service hub at the airport here, gives new meaning to the phrase “hub of activity.” On a peak night, workers have less than four hours to process more than a million packages from at least 100 planes and probably 160 trucks.
All this attention on Facebook must be getting under MySpace’s skin.
Despite posting good growth, the company is being treated as a carton of milk left in the open overnight. While Facebook is a rocket whose upward trajectory cannot be denied, to paraphrase Mark Twain, the rumors of MySpace’s death are highly exaggerated. To counter the perceptions, MySpace is going to launch a PR offensive tomorrow, touting its recent growth.
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