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WARNER BEEFING WITH YOUTUBE?! – DrewGossip.com

WARNER BEEFING WITH YOUTUBE?!

If you want to watch music videos from artists like Diddy, Missy Elliot or Lupe Fiasco, don’t bother going to YouTube. Warner Music Group has yanked their videos from Youtube (nearly 20 percent of the market) after negotiations with Google (YouTube’s owner) failed. “We are working actively to find a resolution with YouTube that would enable the return of our artists’ content to the site,” the label said in a statement. “Until then, we simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide.” Warner basically wants to make more money from their videos online and YouTube has been very slow converting their massive traffic into income. Sites that are profiting from their content, like Hulu.com, are consistently growing. Warner Music Group videos are still available on MTV and MySpace.

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