Financial Times FT.com

Record labels plan video site

By Andrew Edgecliffe-Johnson in New York

Published: December 29 2008 02:00 | Last updated: December 29 2008 02:00

A generation after the launch of MTV, the four largest record labels are hoping to revive the music video business online by creating a website grouping together all their artists' videos.

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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