LOS ANGELES (AP) -- Sony BMG Music Entertainment has inked a licensing deal with Yahoo Inc. that clears the way for people to upload files with music or video content by the record company's artists to Yahoo, the companies said Tuesday.
Financial terms of the deal were not disclosed. Like similar deals, the agreement calls for Sony BMG to receive a cut of advertising revenue,Yahoo (Charts, Fortune 500) said.
The deal also covers the distribution of music videos via Yahoo player applications and widgets that computer users can place on other Web sites.
The agreement marks the first time Sunnyvale-based Yahoo has reached a deal with a major recording company over licensing content in user-created videos.
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