Last.fm's music recommendation system has been particularly successful. The site monitors music habits of its users and automatically recommends music from users that have similar tastes. It has stuck content deals with Warner Music Group and EMI Group to use their music catalogs. The service originally launched in 2002.
"Last.fm is one of the most well-established, fastest-growing online community networks out there," Leslie Moonves, President and Chief executive of CBS said. "Their demographics play perfectly to CBS's goal to attract younger viewers and listeners across our businesses. Last.fm adds a terrific interactive extension to all of our properties and also is a huge step in CBS Corporation's overall strategy of expanding our reach online to transition from a content company into an audience company."
Source:
Yahoo
Written by: James Delahunty @ 30 May 2007 19:10