Internet search leader Google Inc. (GOOG.O: Quote, Profile, Research) on Monday said it signed distribution deals with Sony BMG and Warner Music Group Corp. (WMG.N: Quote, Profile, Research) to offer music videos.
Deals with two of the top global music labels follow on the heels of similar deals Universal Music Group signed with top online video service YouTube on Monday.
It makes you think that search (and the technology behind the best search engines) is merely going to be a qualifier for media companies, and that's the direction it's all headed. Media co's go search, search goes media. It becomes more and more evident every day.
Again - I will remind everyone of my claims that Google will be a monopoly that will soon need to be regulated. Anyone starting to believe me yet?!?!?! :p The PAC committee should have been a big red flag.
Monopoly? No way. Google is defining new channels for music/media distribution that previously didn't exist or were unattainable. The music biz is in serious trouble. Major labels need a new model for marketing and distributing their media properties. Google is offering a new model and at the same time creating new opportunities for these companies. I back it.
[edited by: Two_Bass_Hit at 5:19 pm (utc) on Oct. 12, 2006]