It’s been a good year for Last.fm, the social network / Internet radio station. It’s grown its market share amongst music websites by 22%, sold itself to CBS in May for $280m, and has now struck a deal with music industry bible Music Week to provide weekly charts based on its listening data. The idea behind the charts is track listening habits, rather than music sales, in order to identify up and coming new artists and songs.
http://dmwmedia.com/news/2007/08/27/last-fm-predicts-the-future-of-music
http://dmwmedia.com/news/2007/08/27/last-fm-predicts-the-future-of-music
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