YouTube wants to rock MySpace

Google Inc.’s online video-sharing site announced a new program — dubbed “Musicians Wanted (http://www.youtube.com/user/musicianswanted)” — to lure independent musicians to its social networking site.

The program targets independent artists by offering them an easy way to create their own homepage, or channel, on YouTube and share in the ad revenues generated by their videos. Up until now, YouTube has only offered the revenue-sharing option to artists who have contracts with record labels or who have carved out special contracts with the video-sharing site.
By rapzilla.com