Google to Block, Remove All Indie Labels That Don’t Submit to New Terms!
Google, which owns YouTube, has been renegotiating contracts as it prepares to launch a music subscription service.
A spokesperson for the indie labels said YouTube was making a “grave error of commercial judgment”.
YouTube said it was bringing “new revenue streams” to the music industry.
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We think it is wrong for YouTube to threaten to ostracise certain independents… because they are unwilling to surrender to a take it or leave it ultimatum”
Chief executive, BPI
Speaking to the Financial Times, Robert Kyncl, YouTube’s head of content and business operations, said videos from independents could be blocked “in a matter of days,” if new licenses are not negotiated.
The three major record labels – Universal, Sony and Warner – have all agreed terms with the site, but smaller independents are holding out.