Warner Music Group Corp. said Thursday that it had settled its copyright infringement lawsuit against the social-networking website Imeem by agreeing to license its music and video content to the site for a slice of its ad revenue.Financial details of the settlement were not disclosed.
Under the agreement, Imeem Inc. can carry music and videos from all of the record company's artists, who include Madonna, Linkin Park and Red Hot Chili Peppers.
San Francisco-based Imeem debuted in 2004, offering instant messaging and file-sharing software. It has since morphed into a social-networking website that also streams free audio and video next to advertisements.
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