The media-sharing/social networking site Imeem has inked a deal with Universal Music, making it the first site of its kind to forge unholy bonds with all of the Big Four. Update: The WSJ's issued a correction of the original source article. Under the deal, Universal gets a "payment each time [...]

The media-sharing/social networking site Imeem has inked a deal with Universal Music, making it the first site of its kind to forge unholy bonds with all of the Big Four. Calling it a blood contract wouldn't be too unfair, given how much Imeem has to bleed out for its users [...]