YouTube, Universal mull video venture: reports

Mar 06, 2009
YouTube webpage. Google-owned YouTube and the world's largest music recording company Universal Music Group are reportedly discussing collaborating on a premium music video website.

Google-owned YouTube and the world's largest music recording company Universal Music Group are reportedly discussing collaborating on a premium music video website.

The New York Times on Thursday cited unnamed sources as saying that talks between the companies are "advanced" but still in flux.

Google has been striving for ways to make money on hugely-popular YouTube while avoiding alienating notoriously transient Internet users and assuring film and music studios that video copyrights are being respected.

Neither YouTube nor UMG, owned by France-based Vivendi, would officially comment on reports of talks that have appeared this week in the Times, Wall Street Journal and several other US news publications.

Music videos are extremely popular at YouTube and major labels have reportedly been seeking to renegotiate licensing deals inked in 2006 and 2007 in bids for better terms.

Agreements in place assure recording labels small fees when videos are watched and cuts of advertising revenue generated on the Web pages.

Sony Music Entertainment reached a new agreement with YouTube this year but other labels continue to negotiate with the video-sharing site.

The sides are divided regarding "how to compensate the music industry for the use of their music in things which are promotional," Google chief executive Eric Schmidt said at an investor conference this week.

A licensing arrangement UMG has with YouTube is reportedly set to expire at the end of March. Music videos on the UMG channel at YouTube have received billions of views.

(c) 2009 AFP

Explore further: Vatican's manuscripts digital archive now available online

add to favorites email to friend print save as pdf

Related Stories

Air Umbrella R&D evolves as shield from pelting rain

1 hour ago

A Chinese R&D team have invented an Air Umbrella which can blast water away from the umbrella's owner. They explain how their invention deflects rain: "Air is everywhere on the earth. The flowing air can ...

Weather history time machine

1 hour ago

During the 1930s, North America endured the Dust Bowl, a prolonged era of dryness that withered crops and dramatically altered where the population settled. Land-based precipitation records from the years ...

Recommended for you

Kickstarter suspends privacy router campaign

Oct 20, 2014

Kickstarter has suspended an anonymizing router from its crowdfunding site. By Sunday, the page for "anonabox: A Tor hardware router" carried an extra word "(Suspended)" in parentheses with a banner below ...

User comments : 0