Here's some good news for music lovers: a large chunk of the music videos available on YouTube won't be disappearing anytime soon. Reports indicate YouTube and Sony Music Entertainment have reached a fresh music licensing deal.
The arrangement is almost sure to be beneficial to both sides. Sony has a huge presence on YouTube, with the Johnny Cash, Rage Against the Machine, for starters - and its contribution looks even more impressive.
The precedent this deal sets is also important. If YouTube can get along with Sony, then maybe there's hope for its relationships with EMI, Universal Music, and Warner Music Group. YouTube must prefer sharing revenue to
If more information becomes available, we'll be sure to report it.
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