Warner Music Group, third largest music company and the most popular video sharing site Youtube are about to finalise an agreement which would resolve the licensing dispute between the two companies.

Warner had pulled all the music video by its artists such as Madonna and Green Day out of YouTube in December and this agreement would allow all those videos again on YouTube.

A deal would mean that Warner Music’s stable of artists would once again appear on the world’s most popular video sharing site, joining those from EMI Music, Sony Music Entertainment and Universal Music Group, all of which have renewed deals.

The financial details of the deal remain unclear as both the companies have declined to comment on it.

Financial details are unclear; but Warner Music Chief Executive Edgar Bronfman has made known his desire to improve terms of his previous deal with YouTube. Like other industry executives, he faces a music market that has been stung by tumbling CD sales and slowing digital music growth.

Source: Reuters.com