Elevate your enterprise data technology and strategy at Transform 2021.


Imeem, the popular social network for music sharing, has acquired music site Snocap, which lets bands set their own licensing terms for music downloads.

The deal was expected; we covered early reports here.

Imeem had already partnered with Snocap, we reported last year, to pay a share of ad revenue to music content owners using Snocap’s technology.

According to the company’s statement today:

This acquisition provides imeem with powerful content identification technology, a comprehensive Digital Registry and an enhanced team of executive and engineering talent. Additionally, the SNOCAP acquisition expands the mix of products and services imeem offers to artists and music labels, giving them new opportunities to market, promote and make money from their music through widgets and applications.

Financial terms weren’t disclosed.

Snocap has 110,000 users of its MyStores product, among unsigned and unaffiliated artists, and independent and major record labels. They include The Rolling Stones, Coldplay, Diddy, Nickelback and The Shins.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member