27 August 2006

YouTube seeks rights to thousands of music videos

(Reuters)
YouTube is talking with record labels to post thousands of music videos online, aiming to move beyond being a site for sharing home videos to a provider of mainstream entertainment like Yahoo and others. YouTube, which sprung out of nowhere a year ago to now claim over 100 millions views a day, is negotiating for rights to post current and archive music videos on its site, and said any commercial model it decides on will offer the videos free. see also Newsday.com: Channeling into a new generation (Newsday.com) The site has broke n into the Top 50 among Internet users. According to comScore Media Metrix, YouTube had 16 million unique U.S. visitors in July, a 20 percent increase from 13 million in June.