Financial Times FT.com

Music industry looks to internet for revival

By Andrew Edgecliffe-Johnson in New York

Published: December 28 2008 19:20 | Last updated: December 28 2008 19:20

A generation after the launch of MTV, major record labels are hoping to revive the music video business online by creating a single digital destination for their artists’ output.

Plans under discussion include: a partnership with Hulu, the online television and film joint venture between News Corp and NBC Universal; the creation of a premium service on YouTube, Google’s video sharing site; or, a standalone venture between some or all of the four largest recorded music groups.

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