Tuesday, November 13, 2007

Social Streaming: Music's New Business Model?

From Bridget Carey, Miami Hearald:

Cyloop.com, a social networking site based in Miami Beach, is making music industry history by partnering with major labels to let users stream unlimited music for free.

Soon, you'll be able to hear the entire music catalogs of labels like Warner and EMI for free, without commercial interruptions, on a social networking site called Cyloop.com.

Members can stream as much music as they want and create playlists to save and share with other members. The catch: You have to be logged in to Cyloop.com to play the music. And, forget about downloading the songs to your computer.

The partnership is a new chapter in the evolution of the music industry, as labels are experimenting with new technologies to make up for money lost on in-store album sales and from illegal downloads.

Link

No comments: