Disney sign landmark YouTube deal

Google have owned the video sharing website since October 2006

Walt Disney and YouTube have signed a new deal to allow Disney to launch its own channels on the video sharing website.

Highlights from Disney's ESPN sports channel and clips from its TV shows will be made available to watch over the next couple of months.

A key part of the agreement is that Disney will have the right to put adverts in its output.

YouTube is keen to be seen as an outlet for high quality video.

In a statement, a Disney spokesperson said the deal offers "the opportunity to reach a broader, online audience as well as extend the reach of our advertisers".

YouTube is by far the world's most popular video sharing website.

However, it's coming under more pressure from Google to start converting its huge user numbers into cash.