YouTube has finally struck a deal with indie trade body Merlin to license music from the thousands of labels it represents, according to the Financial Times.

Google-owned YouTube and Merlin have been negotiating the deal for months, as the trade body demanded better terms for the labels it represents.

The discussions turned considerably sour in June when YouTube threatened to remove videos by artists on Merlin-represented labels if its terms were not met.

However, the company failed to carry out ...