
"One of YouTube's main attractions is the plethora of music videos available for instantaneous viewing -- it's a modern-day MTV without the reality shows and attempts to regain coolness. The problem is, those videos are locked under copyright and aren't making money for the labels or artists when played for free, so they're often yanked from the site and become available only in grainy, bootlegged iterations.
Universal Music Group and YouTube want to change all that. The two media giants are working on a deal that would launch a YouTube sister site that would be a music video cornucopia, according to sources cited by CNET. The intended sister site, tentatively called Vevo, would be "closely linked" with YouTube and thus attract billions of viewers, and, hopefully, big advertising dollars."
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