According to Fox News, our fave website YouTube is in talks with all the major record labels to post every single music video in the world on their site—plus they’ll let their viewers watch them for FREE.

“What we really want to do is in six to 12 months, maybe 18 months, to have every music video ever created up on YouTube,” co-founder Steve Chen told Reuters. “We’re trying to bring in as much of this content as we can on to the site.”
He said YouTube intends to differentiate itself from pay-to-view or download services such as Apple Computer Inc.’s (AAPL) iTunes and Time Warner Inc.’s (TWX) AOL Music, or others like Yahoo Inc.’s (YHOO) Yahoo Music, which is supported by an advertising revenue share model with record labels.

YAY! Finally a place to watch Weird Al Yankovic’s “My Bologna” video for free! Screw YOU, MTV!
Until then, this hilarious homemade karaoke version will have to suffice…