Record company Warner Music Group has (finally) reached an agreement with YouTube to allow Warner music videos to be shown on the site. Under the deal, Warner will receive the majority of money made by ad impressions on its videos shown on YouTube.
Chris Maxcy, head of Music partnerships at YouTube said, "It sets us up for a sustainable partnership going forward by sharing revenues, where the vast majority of the revenues will be going to Warner Music associated with advertising when consumers watch or listen to the content on YouTube."
YouTube will now feature videos from all the big music companies including Universal Music Group, Sony Music Entertainment and EMI Music, so feel free to sit home and watch rock video all day like the world is a version of MTV that actually plays videos. Why not start with this one: