Label to return songs, videos to site in new deal

Warner Music Group has settled its long-running wrangle with YouTube and will return its musicvideo content to the Internet vid giant.

In December, WMG yanked its video content from YouTube, assailing the Google unit for what it described as unfair compensation to labels, artists and songwriters.

Under the new arrangement, YouTube will share advertising revenue from videos and song streams of Warner artists, according to a source familiar with the deal.

A WMG statement added that site users “will also gain access to an enhanced user experience on YouTube with a feature-rich, high-quality premium player and enhanced channels.”

(The Associated Press contributed to this report.)

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