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.