Muzu.tv chief releases statement slamming YouTube bosses
Chiefs behind music video website Muzu.tv have attempted to capitalise on YouTube’s decision to remove all premium music videos from the UK site by releasing a statement slamming the site’s chiefs and their working methods.
YouTube bosses made the decision to remove the videos following a dispute over payment fees with the Performing Rights Society. In a statement Muzu.tv managing director Mark French said that YouTube‘s business model “doesn’t stack up”.
“It’s not the music industry’s fault that YouTube‘s business model doesn’t stack up,” he said. “The model doesn’t support paying the current PRS rates let alone the payment to artists, because they cannot command high enough advertising rates.
“Because sites like YouTube are built off the back of user generated content, and have a storied past of allowing ‘illegal’ content to be viewed – brands are resistant to pay premium advertising rates.”