Music companies planning a YouTube rival
December 30th, 2008 Leave a comment Visited 52 times, 1 so far today
Music companies planning a YouTube rival
US based media giants have already launched Hulu which has become quite successful in challenging YouTube in this segment of the video sharing market.
Now, music companies are considering similar plans to launch a web service that would compete with Google owned YouTube service.
The Financial Times is reporting that the music companies are planning to launch this service which would broadcast music videos on the web.
YouTube has already lost content provided by Warner Music as they could not reach on a new settlement.
YouTube is said to be in renewed talks with EMI, Sony and Universal. If the talks fail, YouTube would lose more content.
EMI, Google, Hulu, Sony, Universal, Video, Video Sharing, Warner Music, YouTube
Manuj Kumar
Category: Digital Media
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