February 27, 2007 10:22 AM PST
YouTube signs streaming deal with Wind-up Records
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YouTube has signed a deal that will enable it to include music videos from Wind-up Records for streaming on its site, the record company announced Tuesday. Wind-up Records also announced that it is pre-clearing certain tracks that people can use for their own videos. YouTube and Wind-up will share advertising revenue sold around the content. Wind-up Records has produced albums from artists like Evanescence, Strata and Seether, as well as the Walk the Line soundtrack. It is one of the largest independent record labels in the U.S., but is distributed by Sony/BMG Entertainment.
YouTube was in talks to allow users to similarly stream video clips of popular CBS TV and radio shows, but the YouTube/CBS deal fell apart. Veoh, a new video-sharing site backed by Time Warner and former Disney CEO Michael Eisner, is also looking to legally offer streaming copyright video.