YouTube music deals ease piracy fears in $1.6bn buyout

YouTube announced deals to licence content from two major record companies just hours before the wildly popular US video website agreed to be bought by Google for $1.6bn (€1.27bn).

YouTube music deals ease piracy fears in $1.6bn buyout
Tue, 10 Oct, 2006 - 08:55
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YouTube announced deals to licence content from two major record companies just hours before the wildly popular US video website agreed to be bought by Google for $1.6bn (€1.27bn).

YouTube reached deals with Vivendi’s Universal Music Group and Sony BMG Music Entertainment that will let the website post music videos and content from users that includes copyrighted material in exchange for sharing ad revenue.

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