Music companies embrace new business models
Imeem Partners with Sony BMG to Legally Stream Music
from Mashable! by Adam Ostrow
Imeem, the service that offers a widget for sharing your music playlist, has reached a deal with Sony BMG to legally offer their music to users. In exchange for allowing Imeem users stream Sony BMG music in their widgets, the record label will get a cut of the advertising revenue. Imeem previously signed a similar deal with Warner Music, after the record company first tried to sue them.
Additionally, the company is reportedly in talks with Universal Music Group and EMI Group about similar content deals.