-- Google Finance, Govt, Policy and Business Issues
---- YouTube Pays Off Labels with $50m
trillianjedi - 4:33 pm on Oct 19, 2006 (gmt 0)
According to the New York Times:-
Three of the four major music companies ó Vivendiís Universal Music Group, Sony and Bertelsmannís jointly owned Sony BMG Music Entertainment, and the Warner Music Group ó each quietly negotiated to take small stakes in YouTube as part of video and music-licensing deals they struck shortly before the sale, people involved in the talks said yesterday. The music companies collectively stand to receive as much as $50 million from these arrangements, these people said.