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Viral Music Videos A Problem For RIAA 182

prostoalex writes "A few years ago music videos were considered promotional, a tease to get the viewer to buy the whole album. However, now that a commercial market for music videos is springing up, the music industry is not quite happy with YouTube, iFilm, Google Video and other video sharing sites distributing the music videos of famous artists. Billboard magazine says: 'The RIAA estimates that sales of music videos topped $3.7 million in three months, after being introduced in October. Meanwhile, the major labels also are sharing in the profits of ad-supported video-on-demand offerings from AOL, Yahoo, Music Choice and others. That is revenue the music industry is keenly interested in protecting. Hopes are that YouTube and others will ink similar deals with the industry in the long run.'"

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