Published Dec 22, 2008It just became a little more difficult to check out your favourite vids by Madonna, Red Hot Chili Peppers and T.I. this week.
In the midst of an ongoing licensing dispute, Warner Music Group has demanded that thousands of videos be removed from YouTube after negotiations between the label and the website's owner, Google, broke down last week. The two sides are reportedly arguing over the amount of money YouTube pays out when videos are watched and the cut that the label earns from advertising on the website.
Warner earned $639 million in digital revenue for the last fiscal year, the New York Times reports, but less than one percent was generated by YouTube's ads and fees, which has now led the label to seek a bigger share of YouTube's revenue potential.
"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.
In a blog post on Friday (December 19), YouTube told its users about the removal of the Warner videos, saying it would continue to work with labels and artists to build "user-friendly licensing arrangements."
There were no reports on how much more revenue Warner was seeking from YouTube.