Warner yanks music videos from YouTube
Last Updated: Sunday, December 21, 2008 | 1:51 PM ET
CBC News
Warner Music Group Corp's videos began vanishing from YouTube this weekend after negotiations over licensing fees broke down.
On Saturday, Warner Music, which wants a larger share of the revenue stream it was getting from YouTube, ordered the popular online video-sharing site to remove all music videos by its artists.
The Los Angeles Times reported that, under YouTube's contracts, labels stand to collect either a minimum fee of less than 1¢ US every time a music video is watched or a split of advertising revenue, whichever is greater.
"We simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide," Warner Music said in a release.
"We are working actively to find a resolution with YouTube that would enable the return of our artists' content to the site," it added.
In 2006, Warner Music, home to artists such as Madonna and Red Hot Chili Peppers, was the first label to strike a licensing deal with YouTube, which was acquired by Google Inc. later that year.
Warner Music's music videos are also available through MySpace Music and Hulu.
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