Report: UMG & Sony BMG Negotiating With YouTube
September 19, 2006 at 11:06 AM (PT)
In the wake of yesterday's announced agreement between WARNER MUSIC GROUP and YOUTUBE which will see WMG's music videos distributed for free to consumers via an ad-based viewing model on YOUTUBE (NET NEWS 9/18), the AP reports that other labels continue to have talks with the video-on-the-web behemoth.
Specifically, the AP's report states that UNIVERSAL MUSIC GROUP spokesman PETER LoFRUMENTO confirmed yesterday that UMG is in talks with YOUTUBE to strike a distribution deal. UMG's confirmation of negotiations are curiously-timed considering UMG CEO DOUG MORRIS' remarks last week that both YOUTUBE and MYSPACE are "copyright infringers" that owe the company "tens of million of dollars" (NET NEWS 9/14), but the comments were perceived by some pundits as a negotiating tactic rather than a precursor to litigation.
According to the AP's report, SONY BMG MUSIC ENTERTAINMENT is also negotiating with YOUTUBE, but a SONY BMG rep said yesterday that the company would not comment on ongoing negotiations. EMI was reportedly in talks with YOUTUBE back in AUGUST (NET NEWS 8/16), but those negotiations apparently have yet to bear fruit.
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