MTV signs deal with record labels

Videos by artists like The Strokes and The White Stripes will not disappear from MTV in Europe after a deal was struck with independent record labels.

Smaller labels were threatened with a boycott if they did not agree to a royalty cut of 55%. The Association of Independent Music said it was "very happy" with the deal. MTV has signed the deal with Video Performances Limited, which represents 167 smaller labels, to show videos by their acts.

The labels include Rough Trade, home of The Strokes, Telstar, which releases Craig David, and XL, whose roster includes The White Stripes and Dizzee Rascal.

Details of the deal were confidential but MTV confirmed a "wide range of independent artists and labels" would continue to be shown on its stations.