ReadWriteWeb

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.

According to The Leading Question's recent research report, as many as 65% of UK teens are streaming music on a monthly basis. Meanwhile, file-sharing has decreased significantly since the Digital Britain Report consultation to address illicit P2P file sharing. While music sharing sites have come and gone due to funding, legal issues and lack of users, here are some of the streaming sites that continue to thrive.