Music Labels Planning Hulu-For-Music-Videos
In lieu of their exit from YouTube, Warner Music and other major labels are looking for another option, and have looked to the NBC/Fox joint venture Hulu for inspiration. Sources indicate that Warner is in talks with other major record labels – Sony BMG, EMI and Universal – to launch their own online music video site.
With YouTube, music companies were limited in how much they could make from music videos via advertising; the user-generated content on YouTube kept big-money brand advertisers away.
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