We're witnessing the transformation of an industry before our eyes.
New music video Web site features major label artists(AP) -- A Santa Monica-based company backed by investors including Will Smith and major record labels has launched a new Web site offering 10,000 free, high-definition music videos.
Universal Music Group announced Wednesday that it has joined EMI and Sony BMG in backing PluggedIn.
The Web site features music videos from artists such as Gwen Stefani, Green Day, Coldplay and Norah Jones and is powered by a new media player that supports full-screen high-definition video.
PluggedIn also announced a partnership with Smith's production and management company Overbrook Entertainment.

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