Warner Music Pulls All Content From YouTube

[Mumbo Sauce]

IPTV Commentary: YouTube is currently in negotiations with the Big Four labels to find a resolution to a profit sharing agreement. YouTube boasts site traffic in the BILLIONS so there is enough to be made by all.
Is this a case of the labels overestimating their worth and seeking to get top dollar for the content they provide?

Unable to renegotiate the share of ad revenue it sought, Warner Music Group has pulled all of its content from YouTube. Affected are thousands of songs and artists from WMG's extensive recording catalog, as well as, those published by Warner/Chappell Music who may not record for the company.

“We are working actively to find a resolution with YouTube that would enable the return of our artists’ content to the site,” Warner 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."

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