Universal Music Group and YouTube have ended their digital-rights/copyright dispute and signed a distribution deal; YouTube also signed a strategic content and advertising partnership with CBS.

Vivendi's Universal on Monday said it would offer YouTube users access to videos from its archives and allow them to incorporate the music into user-generated videos, reports Reuters. You Tube signed a similar agreement with Warner Music Group in Sept.

YouTube on Monday also announced that it has inked a pact that calls for CBS to offer YouTube users short-form video, including news, sports, and entertainment, beginning this month. The two companies will share revenue from ads and sponsorships of the videos.

The video-sharing site was reported last week to be in talks to be acquired by Google. Those pooh-poohing the idea have pointed to a high likelihood of lawsuits against YouTube for copyright infringement; its agreement with Universal will likely help allay such fears.