Warner Music, YouTube nearing deal

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Warner Music and YouTube are said to have reached terms in a possible new deal that could be announced in a few weeks, according to CNET News.

The new deal would bring an end to a feud after a prior licensing agreement between both parties, with attempts to renew the deal broke down. Warner Music artists, including artists that are not signed to their labels but are distributed by the company, were removed from YouTube in December and their songs were banned on YouTube – which includes removing the audio from the video.

The new deal would bring Warner Music back with Universal, Sony Music and EMI – allowing YouTube to boast again that they have all four big music labels on their site.

Both companies have declined to comment on the story.

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