WimLabs announces release 1.2 of WimTV, dubbed WimTrade. This new service offers owners of valuable content a unique means to economically exploit them. All that is required is to open a shop in WimTV, post assets with intended licence that includes payment conditions and promote the shop and the content posted in it. Another WimTV user can view brief illustrative clips of each video and, if interested get licence for use of the video. WimTrade supports different licensing models: One time payment Royalty per…