Imeem will distribute all four major label's music on social network
(NEWSER) - Universal Music Group is the last of the major record label groups, and the largest, to sign a deal with social-networking site Imeem. The site allows users to upload songs to their pages, but not download or store them on computers or iPods, reports the Wall Street Journal. Every time someone plays a track, Imeem will pay Universal a fixed fee, in addition to sharing ad revenues. More»
