Website and Warners Records go to war
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.”