Led Zeppelin, Madonna, Red Hot Chili Peppers pulled from YouTube

Music videos by Madonna, Red Hot Chili Peppers and Led Zeppelin have been taken down from YouTube because of a dispute between record label Warner Music and the website's owner Google.

The move stems from a row about the amount of money Google pays Warner Music every time one of its artists' videos are watched, reports The Independent.

Currently, Warner Music gets a less than a penny each time one of its videos are watched, or a fee of the value of an advert alongside the video, depending on whichever is greater.

In a statement, Warner Music said it still hoped to sign a deal with YouTube, but that "we simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide".

A post on YouTube's blog said: "Despite our constant efforts, it isn't always possible to maintain these innovative agreements. Sometimes, if we can't reach acceptable business terms, we must part ways with successful partners."