While everyone is talking about the Youtube sale, one should note that the site's growing list of arrangements with record labels and TV networks is interesting as well.

Ars Technica even calls yesterday's announcements "a watershed moment", and quotes Anne Sweeney from ABC with the words:

"So we understand piracy now as a business model. It exists to serve a need in the marketplace specifically for consumers who want TV content on demand and it competes for consumers the same way we do, through high-quality, price and availability."

Looks like the TV networks might be leapfrogging the music business after all.

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