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Web 2.0: Companies explore virgin online territory.

Music Week

| October 07, 2006 | COPYRIGHT 2006 CMP Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In the advertising world, the buzz-word of the moment is "engagement", as brands rush to find ways of interacting with a consumer base which is increasingly embracing the relatively ad-free world of Web 2.0.

A similar trend has emerged in the music business in recent months. The launch of MTV Flux, where VH2 once stood, is touted as a testament to MTV's faith in the creativity of its audience and the watchability of the content they generate.

In August, the network marked its 25th anniversary with a specially commissioned video by The Streets compiled from footage shoot by five MTV viewers, who were each given video cameras and instructed to shoot what they liked.

Elsewhere, YouTube and Warner Music Group believe their recent deal can generate a similar sense of grass-roots engagement. The financial advantage to Warner is self-evident: YouTube's business model dictates that it attracts watchable content, while the label receives a slice of advertising income. Writing on the YouTube blog, "the YouTube team" also extol the virtues of the agreement in excited terms: ...

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