BLOOMBERG -- Apr 22 -- According to sources that declined to be identified, Hulu.com is in talks with the world’s largest record labels to offer music videos in competition with YouTube. EMI Group Ltd., Warner Music Group Corp., Universal Music Group and Sony Music Entertainment are negotiating with Hulu. Universal Music Group and YouTube have plans for Vevo.com, which will host music videos, and also claim that EMI, Warner Music and Sony Music are in talks with them as well. Record labels are seeking to generate online ad revenue from music videos, once used as a marketing tool to spur album purchases. FULL ARTICLE @ BLOOMBERG
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