Submission + - Music Labels Change Mind About Sharing Music (techdirt.com)
Steve Sonu writes: "imeem, a social networking site that was in the recording music label's sights earlier this year for allowing users to share music on its site, has pulled a giant rabbit out a hat. In July it settled its lawsuit with Warner Music by promising to cut the label in on advertising revenues from the site. Now the Wall Street Journal is reporting that it's inked similar deals with all four major labels, meaning that imeem is now the first website to allow users to share music with the blessing of the labels, publishers and artists."