Sources say Warner Music Group (WMG) and YouTube (GOOG) are close to settling their licensing...

|About: Warner Music Group Corp. (WMG)|By:, SA News Editor

Sources say Warner Music Group (WMG) and YouTube (GOOG) are close to settling their licensing dispute. The proposal would give Warner the right to sell ads that run next to its videos and receive the bulk of the revenue, a formula Google has used to resolve a number of recent disputes with content owners looking for greater monetization.