Report: Sony is first major label to renew YouTube deal

Sony Music Entertainment has become the first of the four largest recording companies to renew a music licensing deal with YouTube, according to a published report.

The deal ensures that Sony artists, who include Bruce Springsteen and Beyonce, will remain on the Web's most viewed video site, according to the blog All Things Digital, which broke the news Thursday. Terms of the deal were not disclosed..(read more

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