The announcement that YouTube will launch a paid music streaming service has left many people working with music attentive, and not necessarily in a positive way. The company reportedly presented uninviting terms to independent record labels and, as they did not accept a deal, would have their videos blocked. But not quite.
How does the Engadget, the videos will continue on YouTube, but the musicians will not earn a penny from them because they will be prevented from using the company’s advertising platform.
The three industry giants, Universal, Sony and Warner, have accepted the terms, and they cover 95% of the market. But small record companies are left out, even those that represent great artists. This is the case of XL Recordings, which has names like Adele, The xx and even Radiohead.
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