Yahoo,Sony online video deal

Sony BMG Music Entertainment has come down to a licensing deal with Yahoo Inc that could make way for people to upload files with music, the companies said on Tuesday.

Yahoo said that the financial terms of the deal were not revealed. The agreement calls Sony to receive a cut of advertising revenue. The deal covers giving out of music videos through Yahoo player applications that users can place on other sites.

This agreement marks that Yahoo has reached a deal with a major recording company over licensing content in user created videos. Sony BMG is a joint venture of Sony Corporation and Bertelsmann.

The deal reflects the recognition of user created videos, which includes copyrighted content. Sony BMG also reached a similar deal with Google Inc last year. The agreement included Google subsidiary YouTube.

Major media and Internet companies issued a set of guidelines last month which required web portals that hosted user generated videos. Earlier, Yahoo said that it was deploying video identification and filtering technology early next year.

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November 20, 2007 | Filed Under Internet, Tech News