EMI Licenses Music Videos To Gotuit.com
EMI Music will license its music video library to an online video portal and on-demand cable service operated by Gotuit Media Corp. The multiyear agreement calls for the companies to share revenue from advertising on Gotuit.com. The deal allows only U.S. computer users who visit the site to access EMI’s videos. No other financial terms of the pact were disclosed.
Woburn, Mass.-based Gotuit Media Corp. supplies videos on demand via select Time Warner Cable and Comcast cable systems. Visitors to Gotuit.com can view videos, but not upload any of their own, something allowed by video-sharing Web sites such as YouTube.com.
Unlike the other major recording companies, Universal Music, Warner Music Group and Sony BMG Music Entertainment, EMI has yet to reach a licensing deal with Google’s YouTube.