CNET reported last week that an agreement will be announced in the "next few weeks", while AdAge claimed Friday that the deal is now signed.
The move ends a long feud between the two companies: since December 2008, when talks broke down, videos featuring Warner artists have been blocked and/or muted on the site, including some cover versions.
In one very notable case, Death Cab For Cutie saw videos for songs from the albums Plans and Narrow Stairs pulled from their own website. We'll say that again: songs were removed from an artist's own website because the group used YouTube embeds. Meanwhile, YouTube users posted angry responses after seeing their videos muted or deleted.
It's good news for everyone, then, that the spat is finally at an end. An official announcement is yet to be made.