Thursday, October 12, 2006

Google signs deal with Sony BMG and Warner for free music videos

Yes, Google did buy YouTube, but apparently they have deals for its video service, Google Video, with Sony BMG and Warner. Since Google has the standard ad-revenue model, it's no wonder that Google sealed the deal to distribute thousands of free music videos on their video service.

It'll be interesting to see how this YouTube, Google Video, and copyright threats play out in the future. Although Google is probably the only company that can afford to lose big on its $1.65 billion acquisition, Google is sending a striking message to the media industry as these companies struggle to gain foothold in this new market.

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