EMI Music has agreed to license music videos by its slate of recording artists to an online video portal and on-demand cable service operated by Gotuit Media Corp., the companies said Thursday.
The multiyear agreement, reached this week, calls for the companies to share revenue from advertising on Gotuit.com. The deal allows only U.S. computer users who visit the site to access EMI’s videos. No other financial terms of the pact were disclosed.
EMI Music, a unit of Britain’s EMI Group PLC, is home to recording artists such as Coldplay, Keith Urban and Chingy.
Woburn, Mass.-based Gotuit Media Corp. supplies videos on demand via select Time Warner Cable and Comcast cable systems.
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