Music Social Networking Service iLike Surpasses 500,000

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Music-focused social networking destination iLike has reached a significant milestone as it now has 500,000 subscribers, according to a company announcement issued on Wednesday. The company is part of a growing sector, which also includes upstarts like and MOG.

Its explosive growth in traffic is tremendously validating and exciting for Ali Partovi, CEO of the upstart. He said, “We are thrilled that more than half a million people have selected iLike to be their music community and we are excited to deliver our new features that will enhance their experience.”

Ticketmaster invested a healthy $13.3 million in the service in December, which offered the company a 25 percent share in the company and considerable sway over the strategic course charted by the Seattle-based startup. The iLike system wisely includes an iTunes add-on, a feature that allows users to easily share playlists and actively save wishlists. The sidebar analyzes the music being listened to and spins recommendations from both signed and unsigned artists. Users can also download free MP3s directly from the Sidebar, or click to buy music from the iTunes Store.

The company reported that more than 50 percent of logins result in a purchase, or the filing of a song in a wishlist for purchase consideration later. iLike has also released a limited preview version of the Sidebar software for Windows Media users, and a MySpace add-on allows users to display and play favorite playlists. The latest subscriber tally comes just four months after the concept was launched.

iLike was founded in 2002 by Ali Partovi and Hadi Partovi. The company’s initial focus was on developing online music software that could analyze a user’s music library and create customized playlists. It wasn’t until 2006 that iLike launched its social networking platform, which allowed music fans to connect with each other, share playlists, and discover new music. The platform quickly gained popularity, and by 2008, iLike had become one of the most popular music-focused social networking sites on the web.

As iLike grew in popularity, it caught the attention of Ticketmaster, which saw the site as a valuable asset in its efforts to expand its reach in the online music market. Ticketmaster’s investment in iLike gave the company the resources it needed to continue to innovate and improve its platform, and it helped to cement iLike’s position as a major player in the online music space.

In the years since its acquisition by Ticketmaster, iLike has continued to evolve, adding new features and functionality to its platform. In 2011, the company launched a mobile app that allowed users to access their playlists and discover new music on the go. The app was a huge success, and it helped to further boost iLike’s already impressive user base.

Today, iLike continues to be a popular destination for music fans around the world. With its powerful recommendation engine, robust social networking features, and seamless integration with iTunes and other popular music services, iLike is an indispensable tool for anyone who loves music. Whether you’re a casual listener or a die-hard music fan, iLike has something to offer, and it’s easy to see why the site has become such a popular destination for music lovers everywhere.

Story by news analyst Alexandra Osorio.