A View of the C

Funny – Inappropriate – Edumacational

Warner Music, You Suck

Warner Music Group ordered YouTube on Saturday to remove all music videos by its artists from the popular online video-sharing site after contract negotiations broke down.

The order could affect hundreds of thousands of videos clips, as it covers Warner Music’s recorded artists as well as the rights for songs published by its Warner/Chappell unit, which includes many artists not signed to Warner Music record labels.

The talks fell apart early on Saturday because Warner wants a bigger share of the huge revenue potential of YouTube’s massive visitor traffic. There were no reports on what Warner was seeking.

“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.

YouTube is hugely popular, with more than 100 million viewers in the United States alone in October, according to comScore, a Web audience measurement firm.

Warner Music, home to artists including Red Hot Chili Peppers and rapper T.I., was the first major media company to negotiate a deal with YouTube in 2006. Its executives believe that deal gave the site legitimacy in the eyes of search giant Google Inc (GOOG.O) which bought it soon after for $1.65 billion.

Question: If you see something on YouTube, are you less likely to buy the movie, a latest music release, etc.? I still buy stuff that I really want, but maybe that’s just me. A large part of the reason the recording industry is dying is because of the failure to embrace technology and new methods of promoting artists with that huge amount of exposure. News flash Warner Music, people aren’t going make money the same way, artists aren’t going to make money the same way, so removing it from YouTube will only decrease exposure and decrease demand for the “products”. Just my humble opinion. 

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December 21, 2008 - Posted by | Did you know?, Music | , , , ,

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