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CashTube
10/20/06
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(punkbands) The New York Times reports that YouTube gave each label an equity stake that just hours later was valued at up to $50 million from the Google acquisition. Three of the four major music companies � Vivendi's Universal Music Group, Sony and Bertelsmann's jointly owned Sony BMG Music Entertainment, and the Warner Music Group � each quietly negotiated to take small stakes in YouTube as part of video- and music-licensing deals they struck shortly before the sale, people involved in the talks said yesterday. - Click here for the Full Story

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