Given the music companies' outrage at websites printing lyrics to songs, I would have thought an additional license would be needed for such an endeavour?
Subtitles on music channels (The Hits, TMF, MTV Hits, etc) have been the norm for some time.
I Know They have On TMF But I Usually Have The Subtitles Turned On On My Freeview Box and Realsiled The Hits Only Just Have Them Yesterday!
They Haven't Had Subtitles Until Now! (I Think!)
...
Red Bee Media provide the subtitling for MTV and GCap channels, whilst ITFC provide most of the rest.
Actually, MTV themselves do the subtitles on the MTV-owned channels (there used to be an end caption that read
subtitling@mtvne.com
at the end of music videos, now it only appears at the end of non-music related programming.)
Whereas Red Bee do the subtitling on the EMAP channels (in the BBC style, oddly enough, as opposed to the Channel 4 style). Pre-2006, the subtitles on the EMAP channels had an unnecessary large amount of black space where there was no text.