imeem and Warner Music Group launched a historic partnership today with the release of Warner's entire music and video catalog available to imeem users in North America for interactive, on-demand streaming on imeem's free, ad-supported service. imeem is a social network where users share content and discover new blogs, photos, music and video.

This is an apparent about face as Warner had sued imeem as recently as mid-May for copyright infringement. With this new partnership, Warner agrees to drop the lawsuit and In return receives a cut of imeem's ad revenue.

Below is a widget from imeem featuring Warner artist the Red Hot Chili Peppers' song "Under the Bridge, " which can be played freely.



Warner's impressive line of artists include: Madonna, Linkin Park, Green Day, Josh Groban, Faith Hill, My Chemical Romance, Big & Rich, John Adams, Shawn Colvin, Jaheim, Cher, Red Hot Chili Peppers, R.E.M., Seal, Blake Shelton, the Flaming Lips, Eric Clapton, Hot Hot Heat, Damien Rice, The Used, Joshua Redman, Michael Bublé, Chris Isaak, Robert Randolph, Steely Dan, Trapt, Fleetwood Mac, Emmylou Harris, Brad Mehldau, Goo Goo Dolls, Tom Petty, as well as Alanis Morissette, Michelle Branch and the Deftones.

With similar arrangements from major labels with YouTube for ad supported access, perhaps this marks the beginning of the end of protracted lawsuits and ushering in a new era of ad supported media.

[via VentureBeat]