Warner Music and YouTube have made a deal!
According to the ever-so-reliable Mashable.com; Warner Music and Youtube have finally found a compromise for their long term dispute, which resulted in pulling many videos off YT nine months ago. For those of you not paying attention: yes, this is why your Red Hot Chili Peppers clips were getting deleted, muted and this is why your accounts were getting suspended.
While the announcement wasn’t unexpected, the call did reveal a few new details, including:
– User-generated content using Warner Music artists and labels will make its return to YouTube as well.
– Warner Music Group will be allowed to run ads against its content.
– Warner Music will get a majority of the advertising revenue and will have the ability to advertise on not only videos of their artists, but of any user-generated content using their music as well.
– YouTube now has deals with all four major record labels.
To read the whole news item, click here. Older news items on this saga are here and here
