Over at Digital Media Update, Sightspeed’s Peter Csathy blogs about a deal inked between Google/YouTube and Digital Music Group Inc. DMGI will supply YouTube with  a bzillion hours worth of classic TV shows and video content and YouTube will, of course, make their money back through advertising on the “watch” pages associated with the DMGI content. Peter says this is a deal that will be closely watched by all major content providers and distributors. Could movies, music, and prime time be in our not too distant future? Show us the money!