NME.com (try to pronounce that one as a single word), a Time Warner company, announced today that it has entered an agreement with Mercora, Inc. The partnership enables NME.com to develop a beta version of service called MyNME Radio -- even more unpronounceable -- which will pair Mercora's music search abilities with the legalized music sharing of NME.com.

The partnership would create the world's largest user-contributed digital radio network, whereby users could broadcast their own collection and enable others to browse and listen to their personal playlists.

Best of all, the price is right. The service will be free for all NME.com users starting in the second quarter.

But what does this mean to us consumers?

Well, for starters, it means that it will be easier than ever before to come to the conclusion that rest of the world has bad taste in music.

MyNME is Your Friend: Time Warner partnership creates free, legal online music sharing originally appeared on BloggingStocks on Wed, 26 Apr 2006 11:46:00 EST. Please see our terms for use of feeds.