The Wall Street journal reported Dec 22, 2008 that due to frustration over the lack of media revenue generated by their licensing deal, Warner Music Group began removing its songs and videos from Google Inc’s YouTube video service. Warner, Vivendi SA's Universal Music Group and Sony Corp.'s Sony BMG Music Entertainment are all in the process of renegotiating the renewal of licenses initially agreed to prior to the Google's acquisition of the video sharing site. Apparently, a big point in the failure to meet an agreement is YouTube's payment levels falling short of competitors AOL and MySpace.
148 views