Yahoo! announced today that it has signed an agreement with Sony BMG to extend its video-on-demand license.

In addition to expanding the existing relationship into additional territories around the world, the new worldwide deal adds additional Sony BMG music videos to the Yahoo! Music catalog. As part of the agreement, Sony BMG music videos will be available for distribution across Yahoo! and off-network through a Yahoo-branded video player. The deal also enables Yahoo! users to utilize various Sony BMG audio recordings in user generated audiovisual content.