After a prior licensing agreement expired and the two sides could not agree on a new deal, it looks like the impasse between Warner Music Group (WMG) and YouTube might be reaching an end. The two sides have managed to agree on terms regarding most of the major issues and a final deal could be announced within the next few weeks, sources told CNET News on Friday. This means that music and videos from such WMG artists as Green Day, Red Hot Chili Peppers and Madonna may soon be allowed back on the video site.
WMG's videos were removed from YouTube in December 2008 when the original deal expired, and users were banned from including the label's songs in their clips. In July it was reported that the talks were ongoing, and that WMG CEO Edgar Bronfman Jr. was hoping to improve the terms of his previous deal with YouTube.
When the deal is finalized, it also will mean that YouTube once again will have agreements in place with all four of the largest recording companies: Universal Music Group, Sony Music Entertainment, WMG and EMI. YouTube also recently struck licensing deals with Disney, Sony Pictures, and the U.K.'s Performance Right Society.