Web 2.0 Eats Its Own

Imeem, the popular music site, didn't even defend itself in court, and they lost big.

U.S. District Court Judge Denny Chin has fined the music site $1.77 million for copyright infringement. It seems The Orchard wanted Imeem to pay $150,000 per instance of infringement.

Imeem sold some of it's assets to MySpace, and folded. Imeem executives blame the lawsuit for shutting the doors.

How sad, the Web 2.0 music sites are eating their own. Please note The Orchard used copyright law just like the big boys. This Robert wonders if The Orchard is going to see any of this $?

Warner's Pulls Out!

I wonder, who's right, Mr. Edgar Brofman, boss of WMG or YouTube's CEO Chad Hurley?

It seems that the two can't come to terms about $. Those dreams of a digital payoff by each guy just aren't happening. YouTube isn't making enough money to be profitable. WMG isn't making the $ that Edgar thinks his music is worth. So I heard Edgar has pulled all the WMG music related videos off YouTube.

Mr. Brofman, you sure play hardball. So the question is whether you need YouTube as a merchandising tool, as much as YouTube needs your content to be a popular Internet destination.

Stay tuned, lawsuit among the greedy is next.