It appears that the time for freemium music services in the US has passed. Earlier this week streaming music site 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. Sponsor Similar to the original concept for 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 cl…[...]

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8tracks to Launch Playback API and Developer Program