p2pnet.net News:- It’s just like the good old days when the Big Four Organized Music family was claiming the corporate Net music market was about to explode.

It didn’t happen, and nor will it until the Big Four stop treating their customers like idiots and criminals.

In the meanwhile, over at GooTube, as the former YouTube is now popularly known following its take over by Google, "Universal, Sony BMG and Warner have taken small stakes" estimated at around "$50m (£26.8m) collectively," says Guardian Unlimited.

"The three music companies are understood to have negotiated the stakes as part of the video and music licensing deals that each struck with YouTube shortly before its $1.65bn sale to Google."

Also See:
Guardian Unlimited – Music companies have $50m stake in YouTube , October 19, 2006

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This entry was posted on Thursday, October 19th, 2006 at 1:40 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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