iMesh, currently one of the most popular P2P file sharing networks, announced that is has reached a licensing agreement with Sony BMG, one of the big four music labels. The move comes as logical step forward after June 27 Supreme Court ruling against Grokster, another P2P network usually used for trading music online.
This should be the first of multiple deals settled by iMesh in order to operate according to the new law that would make them liable for copyright infringements of their users. A deal with Universal Music Group is said to be on its way.