Indie label organizations recently took a stand against YouTube’s upcoming music streaming service. They are protesting the terms of YouTube’s agreements.
Warner Music Group, Universal Music Group, and Sony Music Entertainment have already negotiated deals with YouTube. The company is refusing the enter into negotiations with indie labels.
YouTube has presented indie labels with an unfavorable contract, saying they must sign it or their content will be blocked from the platform. Indie label organizations say the contract contains unfavorable rates that undermine current market value.
YouTube has refused to make any public comment on the issue.
“A healthy independent sector is crucial to the success of British music overall. We will strongly support the campaign for fair access for independents and we call on YouTube to demonstrate that it respects and values independent music.”
Indie labels are also asking for urgent government intervention.
Alison Wenham, CEO of the Association of Independent Music, has sent a letter to the UK’s Secretary of State for Business, Vince Cable MP. Read it here.
In the U.S., Richard Bengloff, President of the American Association of Independent Music, has sent a letter to the Federal Trade Commission. Read it here.
Updates as they become available.
Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u