MADONNA - RECORD COMPANY WAGES WAR AGAINST YOUTUBE

RECORD COMPANY WAGES WAR AGAINST YOUTUBE

Artists including MADONNA, LED ZEPPELIN and JAMES BLUNT will all have their music videos pulled from YouTube.com - following a row between their record label and the internet site.
Bosses at Warner Music have decided to remove their artists' promos after they failed to renegotiate a deal with the site's owners over shared royalties.
Music executives will also remove all amateur clips that feature artists on their roster and any copyrighted songs.
A statement from Warner Music reads, "We simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide."
Company officials are now said to be "working actively" to find a resolution to the problem.
Other acts to be affected by the move include rockers Metallica and Bloc Party.