YouTube Signs Licensing Deal With Warner, Facing Action By Universal?
Online video-sharing portal, YouTube has hit the headlines several times in
the past few weeks, with the sometimes copyright-infringing nature of its content
providing cause for concern in the music industry. Speaking to analysts last week, Universal boss, Doug Morris prompted speculation
that the company was planning a lawsuit against YouTube and social networking
website MySpace, when he dubbed the websites "copyright infringers"
who owe the music industry "tens of millions of dollars". However, subsequent reports on the matter have quoted Universal representatives
as denying that legal action is on the firm's agenda. Meanwhile, Warner Music appears to be taking a more proactive stance on the
issue, and announced on Sunday that it has signed a licensing agreement with
YouTube. In addition to allowing YouTube users to use music from Warner artists in the
videos that they upload, the record company will also provide music videos and
other copyrighted content for distribution via YouTube. Under the terms of the agreement, the firms will share the revenue from advertisements
which will bookend the music videos. .
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