YouTube + Warner Music = legal music video distribution
First we had SpiralFrog + Universal Music, then we have MySpace + Snocap. Now we have YouTube + Warner Music.
Deal Puts Videos And Music Legally On YouTube
The deal allows millions of people who upload their homemade videos to YouTube to license an array of Warner Music’s songs.
TechWeb [article]
by Laurie Sullivan
Sep 18, 2006 03:10 PMMusic from Paul Simon, Madonna and Red Hot Chili Peppers will become legally available on the YouTube Inc. Web site. Warner Music Group Corp. said Monday it stuck a deal with the video-hosting Web site to distribute its music video library from a roaster of artists.
The deal allows millions of people who upload their homemade videos to the San Mateo, Calif.-based Web site to license Warner Music’s songs. The pact helps the music label distribute videos, behind-the-scenes footage, artist interviews and original programming.
The two companies plan to begin sharing ad revenue derived from site ads placed next to Warner Music’s content by the end of this year.
We also have AOL Video (a Time Warner subsidiary) that is powered by Truveo and SingingFish which it acquired in 2006 and 2004 respectively.
MySpace is owned by Rupert Murdoch’s News Corp since 2006.