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The Real YouTube Deal

by Chris Gilbey at 08:30AM (EST) on October 20, 2006 | Permanent Link | Cosmos

The news is now out.... Just before the GooTube deal went down, YouTube carved off equity chunks for a number of the major music labels to make their problems go away.... and the value of each of the chunks: $50million.

Nice work for the labels. They love that stuff. Low overhead on lawyers. No royalties to pay. Money straight to the bottom line!

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