YouTube Ends The 'Sweetheart Deals' Enjoyed By TV And Film Studios

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YouTube restructured the terms in partnerships it has with TV networks and major film studios. The new terms put an end to "sweetheart deals," wherein TV and film producers would keep up to 70% of ad revenues - now their share has been reduced to 55%.

YouTube says it hopes to have all its partnerships, which includes CBS and Warner Bros., transitioned to the new revenue split by January 2014.

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