Imeem sold to MySpace for under $10 million dollars while laying off a large number of staff. For a company with all four major record labels signed, more than 15 million uniques a month and well over 5 million tracks in its catalogue, it came as a sobering blow to the industry. While many companies move to a subscription model, 8tracks continues to forge along in what some describe as a convenient loophole. As of this weekend the company is publicly launching its API for Boston's Music Hack Day>.It appears that the time for freemium music services in the US has passed. Earlier this week streaming music site
Muxtape, 8tracks allows users to trade 30 min (8 track) playlists. But unlike Muxtape, because 8tracks songs are not identified prior to play, the company is treated as an internet radio station. This status as a radio station means that it avoids the high licensing fees plaguing the streaming music sites. While Muxtape was forced to close in 2008, 8tracks continues to thrive.Similar to the original concept for
This weekend 8tracks is publicly launching its music playback API in the hopes of leveraging the collective brain power of Music Hack Day attendees. Some of the tools already built using the API that will be demoed include an iPhone player, a player widget for Facebook and a weekly Hype Machine mix. For those interested in getting involved with 8tracks on Music Hack Day, the developer API is available tomorrow at developer.8tracks.com.