It's time to celebrate for YouTube fans everywhere like Ballerboy4life, who shows how to "smoke" Smarties.
In an announcement Thursday, the companies say the site will launch with the entire catalog of music videos from Universal. That's the world's largest recording company and a unit of France's Vivendi SA.
YouTube is owned by Google Inc.
The companies will share ad revenue on the site Vevo.com, as well on a Vevo channel on YouTube.
Universal already has the most watched channel on YouTube with some 3.5 billion views.