SUNNYVALE, Calif., Nov. 20 (UPI) -- U.S. Internet giant Yahoo! Inc. and Sony BMG Music Entertainment Inc. said Tuesday they signed a deal letting video users have free use of record-label tracks.
Financial terms were not disclosed, but the companies said Sony BMG would get a cut of Yahoo!'s advertising revenue.
The deal lets users include Sony BMG songs in any user-created video file they upload to a Yahoo! site.
It also legalizes the digital transfer of Sony BMG music videos with Yahoo! player applications and widgets to other Web sites.
The deal -- the first time Sunnyvale, Calif., Yahoo! reached an agreement over licensing content in user-created videos -- is similar to a deal Sony BMG reached with Google Inc.'s YouTube video-sharing Web site Oct. 9, 2006.
|Additional Business News Stories|
TEL AVIV, Israel, May 17 (UPI) --Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.