MUMBAI: Warner Music Group (WMG) and YouTube have reached a settlement by which they have agreed to bring music and video content from WMG by end of the year.

As per the agreement, YouTube will create new channels on the service around Warner artistes. The financial terms of the deal were not disclosed.

The services to YouTube were called off by WMG in December last as the licensing deal between the two companies was stalled due to financial reasons.

"We‘re pleased to announce that we‘ve reached a new and expanded agreement with Google and its YouTube subsidiary that will bring WMG content back to service as early as the end of the year," said a source from Warner Music Group."Members of the YouTube community will not only be able to access videos and other music-related content from WMG but will also gain access to an enhanced user-experience on YouTube with a feature-rich, high-quality premium player and enhanced channels, " adds the source.