Warner Music Pulls Suit Against Web Site

July 13, 2007 By ALEX VEIGA, AP Business Writer Warner Music Pulls Suit Against Web Site (AP)

Chinese actress Zhang Ziyi sits between investor Vivi Nevo, left, and Warner Music Group vice president Alex Zubillaga during a break at the annual Allen and Co.'s media conference Thursday, July 12, 2007, in Sun Valley, Idaho. (AP Photo/Douglas C. Pizac)

(AP) -- Warner Music Group Corp. said Thursday it dropped a copyright infringement lawsuit against the social networking Web site imeem and agreed to license its music and video content to the site for a slice of its ad revenue.

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