Google's Growing Video Jukebox

Excerpt from our Wall Street Breakfast, a one-page summary of the key market-moving and stock-moving stories of the day:

Google and Warner Music Group Announce Agreement to Offer Google Video Users WMG's Music Video Content [Briefing.com]

Summary: On Monday Google (GOOG) announced distribution deals with both Warner Music Group (WMG) and Sony (SNE). The Warner deal will allow Google to stream Warner’s extensive music videos for free. Advertising revenue will be shared, as would revenue from the on-line purchase of music videos through Google. The Sony BMG Music is similar to the Warner deal with the exception that videos will not be available for purchase. With Google’s pending purchase of YouTube, video content from CBS (CBS) and Vivendi will be added to the mix. YouTube and Google will overlap in their carrying of both Sony and Warner music video content.
Related links: Press release • Google + YouTube = Natural Monopoly • GooTube: Responses • Google's YouTube Acquisition May Just Work • Google Press Center: Press Release on Google & Warner Music Group Agreement • BusinessWeek: Google in Tussle for Digital Rights • Google Competitors Beware • Forbes: The Google Industrial Complex • Variety: Hazy windows: Confusion reigns in VOD transition • Conference Call Transcript: Google Inc. Q2 2006 (July 20,2006)
Potentially impacted stocks and ETFs: Yahoo! (YHOO), CBS (CBS), Sony (SNE).

Comment on this article

Seeking Alpha's Wall Street Breakfast summarizes today's key market- and stock-moving news. Receive it by email every weekday morning (free/no spam).

Seeking Alpha is not affiliated with Briefing.com.