A deal between Google Inc. and CBS Corp. that would let YouTube users watch clips from CBS shows such as “The Late Show with David Letterman,” has unravelled, the Wall Street Journal reported on Wednesday.
The two companies had been closing in on a multi-year deal, the paper said, citing people familiar with the matter. The companies also discussed ways to peddle CBS Radio advertising spots to Google advertisers, the paper said.
But the media company and the Internet search company could not agree on issues such as how long the deal would run, the paper said, citing a person knowledgeable about the talks. Although the talks could be revived at some later date, the paper said, for now Google and CBS intend to work together only on more modest initiatives.
Google, which agreed last year to acquire YouTube for $1.65 billion (844 million pounds) in stock, is currently working on a deal to offer video from the BBC, the paper said, citing people familiar with the matter.
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