Sony BMG and Yahoo Ink Online Video Deal

Sony BMG Music Entertainment has inked a licensing deal with Yahoo Inc. that clears the way for people to upload files with music or video content by the record company's artists to Yahoo, the companies said Tuesday. Financial terms of the deal were not disclosed. Like similar deals, the agreement calls for Sony BMG to receive a cut of advertising revenue, Yahoo said.

The deal also covers the distribution of music videos via Yahoo player applications and widgets that computer users can place on other Web sites. The agreement marks the first time Sunnyvale-based Yahoo has reached a deal with a major recording company over licensing content in user-created videos. Sony BMG, home to recording artists such as Britney Spears, Bruce Springsteen and Slayer, reached a similar licensing deal with Google Inc. last year. That agreement also includes Google subsidiary YouTube.

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