Sony/BMG Reaches Deal With IMesh
Music giant Sony/BMG has reached a licensing agreement with file-swapping service iMesh, one of the first such tie-ups since a U.S. Supreme Court decision clamping down on online copyright infringement.
The deal, confirmed by iMesh, followed a high court ruling that unauthorized networks such as Grokster could be held liable for the copyright infringement of their users. Analysts said that decision added momentum to the move toward networks sanctioned by media companies.
New York-based iMesh also hired former Sony Music President Robert Summer as executive chairman to handle negotiations with the music industry.
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