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Imeem has announced a partnership with Universal Music Group that will allow users of the social networking site to stream full-length tracks and videos for free. The company now has deals with all four major record labels (EMI, Sony BMG, and Warner Music being the other three previously signed agreements) to stream music and videos on an ad-supported basis, becoming the first company in the space to do so.
Despite all of the deals and new content, Imeem’s traffic seems to have fallen off since earlier this year, from a peak of 5 million visitors in April to 2.37 million in November according to Compete.com:
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For its part, Imeem now claims 19 million users, up from the 16 million they reported in May.