From Bloomberg:
Google Inc.’s YouTube, the most- popular video-sharing Web site, struck an agreement with EMI Group Plc to show clips from artists including Coldplay and Fat Boy Slim.
Consumers will be able to watch professionally produced videos and user-generated spots featuring EMI music, San Bruno, California-based YouTube said today in an e-mailed statement. EMI, YouTube and musicians will share advertising sales.
finally somebody decides to hop onto the bandwagon. it’s long overdue.