A legal battle over copyright has been settled between Warner and YouTube, which could see videos from the first organisation being shown on the website by the end of the year.

The media group, which owns the rights to the Red Hot Chili Peppers, Green Day, Eric Clapton and Madonna, originally took umbrage at the fact users could upload material owned by the corporation without and money filtering back to the organisation.

However, the new deal, which may see videos return in December, will allow Warner to create its own channel to show off its wares, while also allowing the vast majority of advertising revenue from its page go directly to the music and video group.

This means that the list of legal battles between firms and YouTube has hugely dwindled, with the website now being on good terms with Universal, Sony, Warner and EMI.

A recent video on YouTube by Ann Minch, a woman in the US ranting about the Bank of America ramping up her interest rate from 12.99 per cent to 30 per cent, caused the financial firm to take action and reduce her credit card to its original terms.

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