EMI Music has finally fallen in line and taken a big swig of the YouTube/Google kool-aid along with peers Sony BMG, Universal, and Warner by making an agreement with the mammoth video sharing site to show “approved” EMI content. EMI may have ben the last of the “big 4″ to make a deal with YouTube since they were recently consumed with being the first to launch a DRM-free music catalog with Apple.

With the agreement, EMI is able to get compensated for it’s videos that are shown on YouTube through any advertising revenue that is generated on pages with those clips. They are also given some administrative control over the YouTube website with some tools to remove content that is not approved (such as the Beatles) or where they feel the content is being used inappropriately.

This agreement …

Remember back in the beginning of April when Apple announced that it would be offering a DRM-free catalog from EMI in May? Well May is almost over and we haven’t seen it yet, but the French site MacBidouille (translated) has a source that’s saying the catalog is only a few days away and could be available by the end of the month.

When the catalog does roll out on iTunes, the music from EMI (aside from the Beatles songs) will be available with no Fairplay DRM restricting the number of computers or MP3 players the music can be transferred to. It will also be recorded at a higher bit rate, which according to the report may be part of the reason that the release is taking so long. The only small catch with this deal …

Today in London EMI CEO Eric Nicoli and Apple CEO Steve Jobs held a press conference to announce that EMI will be offering their entire digital catalog of music to consumers DRM-free. That’s right, DRM-free.

If you’re not familiar with this topic, that does not mean that the music is free, in fact it will cost slightly more, but it does mean that there are no digital rights management rules associated with the songs when you download them, which restrict which devices or how many devices that the songs can reside on. This, according to Jobs, will be no different than buying a CD and ripping it yourself.

This is really big news in the digital music industry. For quite some time now music download services like Apple iTunes have been getting some heat due to the …