Google Announce Record Label Agreements

First, WMG:
"Warner Music Group Corp.  (NYSE:WMG) and Google (NASDAQ:GOOG) today announced a strategic business relationship  designed to give Google users the ability to stream on-demand WMG's extensive  music video collection for free, through an ad-supported revenue sharing  agreement, or to purchase videos online for download.  

Starting this month, users in the U.S. can watch  any of the thousands of music videos, artist interviews, "behind-the-scenes"  footage and other artist-related content from WMG on Google Video.  In the coming  months, users can also access audio-visual content from WMG through Google's  partner websites in its AdSense network. In  addition, Google will develop technology that, when implemented, will enable  users to include certain content from companies such as Warner Music Group in  the videos they create and upload to Google Video. "

Then Sony:
"SONY BMG MUSIC ENTERTAINMENT and  Google (NASDAQ:GOOG  today announced a  strategic business relationship designed to make the music company's expansive  music video collection available for online streaming at no cost to users.  Starting this month, users can watch  thousands of videos from SONY BMG MUSIC ENTERTAINMENT on Google Video. In the  coming months, users will also be able to access content from SONY BMG MUSIC  ENTERTAINMENT artists through Google's partner websites in its AdSense  network. "

(Source: Yahoo News).