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Will YouTube Music Become a Reality? Here’s Hoping

Wed, Mar 4th, 2009 |

YouTube, the world’s biggest video site, and Universal Music Group, the world’s biggest music label, are talking about creating a YouTube Music site.

The proposed deal, first reported in the Wall Street Journal, is in advanced stages. A person familiar with the negotiations say it’s "highly probable" that a pact can be hammered out, but says it could still take a month or more to finalize.

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