For all of you expecting a slow week at work, and looking forward to killing some time by watching your favorite music videos on YouTube, we have some bad news for you. Warner Music Group ordered YouTube on Saturday to remove all music videos by its artists. So, in other words, you’re not going to find the Red Hot Chili Peppers or T.I. on YouTube today — or at least you shouldn’t.
Essentially, the disagreement boils down to Warner seeking a bigger share of the huge revenue potential of YouTube’s massive visitor traffic. “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.
But all is not lost, according to the Wall Street Journal, which writes: “In the wake of Warner’s move, people close to the other major labels said they didn’t anticipate taking down their content in the immediate future. These people say they are discussing new, more lucrative ways to do business with YouTube. The four music companies don’t necessarily have the same terms with YouTube, which could explain the discrepancy in their stances.”
Besides, you can still watch many Warner Music videos on MySpace Music.
But this goes well beyond how we’re going to spend the next few days at the office. It’s part of the broad, ongoing battle between content providers and content distributers. That’s why, even if you don’t care about My Chemical Romance or any other Warner bands, you should be watching how this plays out.
Keep an eye on:
Jim Carrey’s new comedy “Yes Man” got the nod from moviegoers across North America, but brutal weather in key markets combined with holiday shopping distractions to hit overall ticket sales (Reuters)
General Motors Corp. may finally be getting its loan from the Federal government, but that doesn’t mean it’s going to resume its former marketing-spending levels (AdAge)
Arthur Spiegelman, one of Reuters’ finest writers and longest-serving correspondents, died at home in Los Angeles on Saturday. He was 68 (Reuters)
(Reuters photo: Vocalist Gerard Way of the rock band My Chemical Romance )