BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Imeem may finally get the out it wants. According to tips from TechCrunch, MySpace is now circling around the beleaguered Imeem, and working through 'late-stage negotiations' to purchase the company.
But just like the recent purchase of iLike, valuations are likely to be subdued - and disappointing for the stakeholders involved. "We don't know the price of the acquisition, but this isn't going to be a big win for investors," TechCrunch founder Michael Arrington relayed.
Imeem has been trudging through 2009, thanks to a difficult on-demand streaming model and other issues. But investors have been keeping the lights on, and majors have agreed to renegotiate licensing terms to relax royalty overhead. A purchase would help Imeem avoid a crash-and-burn, and MySpace would gain access to a considerable audience and executive talent pool. It would also allow MySpace to further consolidate and expand its music-related ambitions, all at basement prices.
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