The Warner Music Group follows in the footsteps of Universal by signing a music video royalty rate agreement with the National Music Publishers' Association.
Here's the money quote from NAMPA president David Israelite:
Stumbled upon this fantastic 1989 NY Times article by Jon Pareles about MTV as what saved the music business from a post-disco slump. It's mostly glowing, before it reaches a conclusion about the medium's endless voracity for content and shock that sounds a bit like the Internet-fueled Pop/Disco 2.0 explosion:
A snapshot of the most popular videos online and on-air... This is very much a moving target, so consider this to be 100% correct only for the next few minutes... And look for more outlets and more features as we continue to refine this over the coming weeks...