As the San Francisco Chronicle reports after signing deals with four major labels, Imeem has become the number one streaming music site as reported by Compete, a web analytics company. ComScore also noted that they Imeem is the third largest social networking site behind Facebook, and Myspace, with more than 27 million unique visitors, and approximately 65,000 new users signing up everyday. The impressive list of companies that they have managed to strike deals with include: Universal Music Group, Sony BMG Music Entertainment, Warner Music Group, EMI Group, and Viacom's MTV Networks for videos from Comedy Central, MTV and VH1. Some are saying they have experienced so much success, by launching ahead of the much anticipated MySpace.

In reviews, ReadWriteWeb had this to say about Imeem and it’s competitor

You cannot of course count out MySpace Music, it is a joint venture after all with 3 of the 4 big record labels. But Imeem's growth rate and buzz is reminiscent of that of YouTube just before it got huge.

CNet had this to add about Imeems success:

It's not the social networking, it's not the ADD-inspired interface, it's not the wide range of opportunities for personal expression. It's simply that you can find almost any song on Imeem.

It will be interesting to see how this site fares in the long run since it is still relatively new. What are your impressions of Imeem’s viability?