|
Billboard.biz says that YouTube has struck deals with Universal Music Group, Sony BMG Music Entertainment, and CBS Corp. to pay for music on the site. Terms:
Vivendi's Universal Music Group said Monday it agreed to give YouTube viewers access to thousands of music videos. The company said it and its artists will be compensated not just for the official videos, but also for user-generated content that incorporates Universal's music.
Financial details of the deal were not disclosed.
Universal Music Group said it will also use technology to filter out copyrighted content not authorized to appear on the YouTube site. CBS will provide videos and
will also test new YouTube technology that will help the network find copyrighted content on YouTube and remove it. CBS will also be allowed to leave that content on the site, and share revenue from advertising that appears next to the copyrighted video. The Net is a-rip with rumors that Google is about to buy YouTube -- these deals would be a logical precursor to such a step. Google today announced deals with Warner Music and Sony.
posted by James DeLong @ 3:44 PM | Markets: Business, Investment & Innovation
Link to this Entry |
Printer-Friendly |
Email a Comment | Post a Comment(0)
|
