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| EMI strikes a deal with YouTube | EMI strikes a deal with YouTube |
| (30 minutes later) | |
| EMI has signed a deal with YouTube that will allow its users to access videos by EMI artists. | EMI has signed a deal with YouTube that will allow its users to access videos by EMI artists. |
| It means all four of the world's major music firms are now YouTube partners. | It means all four of the world's major music firms are now YouTube partners. |
| The terms of the agreement should eventually allow users to incorporate recordings by EMI artists into their own projects. | |
| The deal follows a string of lawsuits by companies who accuse YouTube of allowing its users to pirate their copyrighted works. | The deal follows a string of lawsuits by companies who accuse YouTube of allowing its users to pirate their copyrighted works. |
| The biggest threat comes from entertainment giant Viacom Media which is suing YouTube for $1bn (£505m). | |
| The US group - which owns MTV and Nickelodeon - claims that the website uses its shows illegally. | |
| User generated content | |
| "We're excited to add EMI Music's stellar roster of artists' content to our site and make it available to our community," said Chad Hurley, chief executive of YouTube. | "We're excited to add EMI Music's stellar roster of artists' content to our site and make it available to our community," said Chad Hurley, chief executive of YouTube. |
| EMI and YouTube have agreed to work together to develop ways in which EMI-owned recordings can be incorporated into user generated content by YouTube users. | |
| News of the deal comes just 10 days after EMI agreed to be taken over by private equity group Terra Firma for £2.4bn. | |
| Google bought the video-sharing website for $1.65bn (£883m) in October 2006. | Google bought the video-sharing website for $1.65bn (£883m) in October 2006. |