Fees to be paid for on-demand uses.
Yahoo! has finalized a deal with Universal Music Group to pay the major label for access to its music videos, Billboard.Biz has learned.
Financial details were not disclosed.
The pact is the latest in an ongoing test of wills between UMG and online services over
compensation for on-demand video (VOD) play.
UMG yanked its videos from the leading U.S. web portals in February, when it announced a new policy that it would no longer service new or catalog videos for VOD playback on a promotional basis.
Yahoo! becomes the third company to settle with UMG since the new policy was introduced. The major has inked similar deals with America Online and Microsoft's MSN Music.
MTV.com and Real Networks' RollingStone.com are among the music portals still not featuring UMG videos. Negotiations between those companies and UMG are believed to be ongoing.
UMG chairman/CEO Doug Morris says the deals represent "new revenue streams from our video product that will significantly benefit our company and our artists."
Yahoo! was not available for comment.