December 22, 2008 10:42
Led Zeppelin, Madonna, Red Hot Chili Peppers pulled from YouTube
Website and Warners Records go to war
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."
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