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+-   Warner Music pulls videos off YouTube-> on Sunday December 21 2008, @09:06AM iammani

Submitted by iammani on Sunday December 21 2008, @09:06AM
money
iammani writes "

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 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.

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