Okay anyone surprised by the news that Warner Music is pulling all it’s videos from YouTube put up your hand…
It’s okay I’ll wait …
Just as I figured – no-one. Of course this doesn’t make one bit of difference regarding the spin being put on the news. Even though the two supposedly worked well into the night Fright there was no agreement reached that could satisfy both Warner Music and Google.
The spin coming out of Warner Music this morning went something like this
We are working actively to find a resolution with YouTube that would enable the return of our artists’ content to the site. 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.
Of course the proverbial people close to the deal making are suggesting that the reason everything fell through was because of some last minute changes Warner Music wanted made to the agreement. Not surprisingly Google said no.
While no-one is currently saying what this change was that nixed the deal I think it would be a pretty safe bet that Warner Music wanted more money for nothing – but that is nothing new for an industry hanging on by the skin of its teeth.