Warner Music Group, one of the first media companies to strike a deal with YouTube, is looking to make more money from online video with the video sharing giant. The label first struck a deal with YouTube back in late September of 2006. Meanwhile, in the present, the label has decided to pull it’s video catalog from YouTube until a new deal is worked out.

On Saturday, WMG pulled it’s videos from YouTube until further negotiations stating, “We are working actively to find a resolution with YouTube that would enable the return of our artists’ content to the site,” in a statement, according to Billboard. “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.”

The music group which, according to Nielsen SoundScan, has more than 20 percent market share of albums this year, with Atlantic being the No. 1 label in the U.S., has made the decision possibly based on YouTube lagging in monetizing its high traffic. The deal could possibly effect other negotiations which YouTube has worked out with other major labels.

Meanwhile, Warner still makes videos available to MTV, MySpace Music and other sites.

 Print This Post

a d v e r t i s e m e n t

Last 5 posts in Business

• Snoop Dogg Opens Up the NYSE on Wall Street!! - November 18th, 2009
• Black Eyed Peas' Fergie Partners With Avon To Develop Fragrance (Photos) - November 9th, 2009
• Curtis '50 Cent' Jackson Is Going For 'Power' With New Cologne - November 4th, 2009
• Diddy Steps Up His Role in Ciroc Venture! - November 1st, 2009
• Video: Curtis '50 Cent' Jackson Interview with BBC Evan Davis - October 29th, 2009

Last 5 posts in Digital Technology

• Rapper DMX Sounds Off About Def Jam Offering 2 Cents For Game Deal! - November 4th, 2009
• Google Plans To Get Into The Music Business With New Search Feature - October 21st, 2009
• Soulja Boy and T-Pain Backstage Using iPhone Autotune Application - June 20th, 2009
• Soulja Boy Test Drives New Microsoft Hands-free Gaming Concept at E3 Expo - June 13th, 2009
• Jay-Z and Eminem Contribute Music To DJ Hero Game For PS3, Xbox, Wii - June 2nd, 2009

Last 5 posts in I Smell BS

• Hoopz Sex Tape: All That and Then None!! - July 17th, 2009
• Rapper Tupac Shakur Is Alive??!! New Photos and Evidence?! - April 29th, 2009
• Snoop Dogg's Wife Not Dead! - April 10th, 2009
• Hip Hop Rumors: State of Florida Suing Rapper Flo Rida Over Name? - April 1st, 2009
• Viacom To Pull MTV, VH1, and Others From Time Warner Over Dispute - December 31st, 2008

Last 5 posts in Music News

• 50 Cent and Sexy Vivica A. Fox Getting Busy on the Set of Baby By Me + Photos - November 18th, 2009
• Jay-Z Blueprint 3 Tour Brings On Young Jeezy; 2010 Tour Dates - November 9th, 2009
• Rapper The Game Album 'The Red' Gets Kicked To 2010; Wrapping Up With Dr. Dre - November 9th, 2009
• Rapper David Banner to Release Free Album 'Death of a Popstar' - November 9th, 2009
• Rihanna Premieres 'Wait Your Turn' and Rated R Tracklisting (Photos) - November 4th, 2009

Last 5 posts in News

• Diddy Turns 40, Still Parties Like a Rockstar! Jay-Z Pissed At Beyonce?! (Photos) - November 20th, 2009
• Gospel Rapper Da Truth Had Affair With Tye Tribbet's Wife, After He Slept With BF's Baby Mama! - November 20th, 2009
• Miley Cyrus Tour Bus Involved In Deadly Crash! More Details Revealed + Photos - November 20th, 2009
• Beyonce Says She's Not Ready For Kids Despite Jay Z's Wants! - November 19th, 2009
• Janet Jackson Knew of Michael's Drug Addiction; Blames Doctor For Propofol Death - November 19th, 2009

Last 5 posts in World

• Anya Ayoung-Chee, Hiroko Mima: Miss Universe Threesome Sex Tape Scandal + Photos - November 18th, 2009
• Hip Hop Artist Travis McCoy and MTV Journey For Staying Alive HIV/AIDS Campaign - November 9th, 2009
• Amy Winehouse's New Boobs, Wardrobe Malfunction Cause Double Nip Slip (Photos) - October 27th, 2009
• Google Plans To Get Into The Music Business With New Search Feature - October 21st, 2009
• Kim Kardashian Covers Cosmopolitan Magazine (Photos + Footage) - October 14th, 2009