Social media network site Imeem, which was recently sued by Warner Music over accusations of copyright violations, launched today a way to compensate artists when their music is streamed on the imeem service. The initiative is powered by SNOCAP, a music technology company for direct artist-to-fan online distribution.

imeem uses SNOCAP’s technology to give music labels and artists the choice to make their music available for streaming and earn income through an advertising revenue share. The new service automatically identifies uploaded content, determines if the content owner has permitted streaming on the imeem service and then distributes a pro-rata share of the advertising revenue to the proper recipient.

The service launches with three million tracks, including music from imeem’s record label partners Nettwerk, Beggars Group, Matador Records, Om Records, and XL Recordings, artists such as Jimi Hendrix, Barenaked Ladies, Public Enemy, M.I.A., Thom Yorke, Sarah McLachlan, Belle & Sebastian, and Thievery Corporation, and distributors including IODA, The Orchard, IRIS, INgrooves and Redeye Distribution.

Related posts:

1. imeem and Nettwerk Music Group announces marketing partnership
2. Universal Music Group strikes music streaming agreement with imeem
3. Imeem acquires SNOCAP
4. Warner Music sues Imeem
5. imeem inks music and video deal with EMI MUSIC

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