Dec 20 2008
Warner Music Content Disappears From YouTube
NEW YORK (Reuters) - Warner Music Group ordered YouTube on Saturday to remove all music videos by its artists from the popular online video-sharing site after contract negotiations broke down.
The order could affect hundreds of thousands of videos clips, as it covers Warner Music’s recorded artists as well as the rights for songs published by its Warner/Chappell unit, which includes many artists not signed to Warner Music record labels.
The talks fell apart early on Saturday because Warner wants a bigger share of the huge revenue potential of YouTube’s massive visitor traffic. There were no reports on what Warner was seeking.
“We simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide,” Warner said in a statement.
YouTube is hugely popular, with more than 100 million viewers in the United States alone in October, according to comScore, a Web audience measurement firm. Read the rest at- http://uk.reuters.com/article/industryNews/idUKTRE4BJ1EY20081220
Talks break down; Warner Music pulls videos from YouTube
Warner Music Content Disappears From YouTube
