Acts including Metallica, Madonna and Led Zeppelin may all have their music videos pulled from YouTube following a money row between their record label and the internet site.
Warner Music have decided to remove their artists' promos after they failed to renegotiate a deal with the site's owners over shared royalties.
Music executives will also remove all amateur clips that feature artists on their roster and any copyrighted songs.
A statement from Warner Music reads, "We simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide."
Metallica at the O2 Arena:
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- cos they aint rich enough???
- Does You Tube really hurt these people? If any thing, seeing artists on You Tube increases the chances of my supporting them.
- I agree, these music execs are completly stupid.
- you hit it on the head, its the record LABELS not the artists that are crying for more money. Because at the end of the day, that's what it is all about.
Doesn't anybody realize that desperate times call for desperate measures? From a legal standpoint, they copyrighted their music and therefore deserve any profits generated by the use of their material for any purpose. Y-tube makes millions in revenue from advertising, i.e. I'm exposed to advertising because I wanted to see a video, Y-tube is paid to host the ads on their site, therefore Y-tube should pay Metallica for allowing their music to be posted, which in turn gets them paid.
» View all 6 comments~ by ben 12/22/2008 Report
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