Google’s YouTube and the Universal Music Group, the world’s largest music label, are in advanced discussions over a licensing agreement that could lead to the creation of a premium site for music videos, according a person briefed on the talks.The discussions remain fluid and the terms of the agreement, which could not be learned, are still being negotiated. A final deal could still be weeks away, and its terms may be different from those being discussed currently, the person said.
http://nytimes.com/2009/03/05/technology/internet/05music.html
http://iht.com/articles/2009/03/05/technology/05music.php
YouTube and Universal Music Are Said to Discuss Deal
Google’s YouTube and the Universal Music Group, the world’s largest music label, are in advanced discussions over a licensing agreement that could lead to the creation of a premium site for music videos, according a person briefed on the talks.