New York - Major label Sony BMG has agreed to license its catalog to music-focused social network Imeem, Forbes.com reported, citing sources familiar with the situation. Warner Music signed a similar deal with the company in July, and sources at Universal Music and EMI told Forbes that they are in discussions with the company on potential partnerships. Under Warner's deal, the label shares in the ad revenue generated on Imeem, which claimed over 18 million active users as of August.

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http://tinyurl.com/3e5452 (Forbes.com)

http://www.imeem.com