YouTube remove music videos with artists from the Warner
This past weekend, Warner Music Group ordered YouTube to remove music videos with artists from the Warner stable, Variety reports. Warners, who owns the copyright, wants to control all of the promotion as well.
The music and film industry have always seen the Internet as a blessing and a curse. Warner Music Group is the market leader when it comes to buying music online; i.e. downloading songs legally. WMG was also the first company to strike a deal with TouTube – which represents less than 1% of their total revenue of $639 million 2008.
“We are working actively to find a resolution with YouTube that would enable the return of our artists’ content to the site,” Warner Music said in its statement. “Until then, we simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide.”
source : associatedcontent