Universal today became the first major label to sign a deal with People’s Music Store, a new London-based digital download service that will let fans market and “sell” their favorite tracks, earning credit toward additional track downloads.
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A while back, we told you about a plan from some of the major labels to launch a Hulu-like music video web site as an alternative to the unthinkable pennance they were apparently earning for letting their artists’ videos air on YouTube. Now, as some of the majors renegotiate liscensing deals with YouTube (and others just flip out), Universal has partnered with the Google-owned operation to create its own UMG-artists-only online home for music videos.
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