illectro writes: "imeem.com has signed a deal with Universal music making it's 'youtube for mp3s' site completely street legal. This caps off an eventful year for the social site which has seen it sued by Warner Music before signing a deal with them, later followed by deals with Sony/BMG and EMI music and now Universal. This gives them legal access to all major label music and allows users of the site to freely upload and share music, with a cut of the advertising revenue going to the copyright holders."
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