EMI Agrees To Deal With Gotuit
November 17, 2006 at 5:49 AM (PT)
EMI MUSIC has agreed to license music videos by its artists to an online video portal and on-demand cable service operated by GOTUIT MEDIA CORP.
The multiyear agreement, reached this week, calls for the companies to share revenue from advertising on GOTUIT.COM. The deal allows only U.S. computer users who visit the site to access EMI's videos. No other financial terms of the pact were disclosed.
Visitors to GOTUIT can view videos, but not upload any of their own, something allowed by video-sharing websites such as YOUTUBE.COM. UNIVERSAL MUSIC GROUP already licenses videos to GOTUIT.
Unlike the other major recording companies, UNIVERSAL MUSIC, WARNER MUSIC GROUP and SONY BMG MUSIC ENTERTAINMENT, EMI has yet to reach a licensing deal with YOUTUBE, now owned by GOOGLE INC. "We're in discussions with them, but we still feel there's copyright issues to be resolved," said EMI MUSIC spokeswoman JEANNE MEYER.