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Article: Sony BMG, Yahoo ink online video licensing deal for music and video content
- Article from:
- AP Worldstream
- Article date:
- November 20, 2007
CopyrightCopyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Sony BMG Music Entertainment has inked a licensing deal with Yahoo Inc. that clears the way for people to upload files with music or video content by the record company's artists to Yahoo, the companies said Tuesday.
Financial terms of the deal were not disclosed. Like similar deals, the agreement calls for Sony BMG to receive a cut of advertising revenue, Yahoo said.
The deal also covers the distribution of music videos via Yahoo player applications and widgets that computer users can place on other Web sites.
The agreement marks the first time Sunnyvale-based Yahoo has reached a deal with a major recording company over licensing content in user-created videos.
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