Music On YouTube Comes Under Attack At Midem
February 5, 2014 at 4:51 AM (PT)
Music on YOUTUBE became the focus of a heated debate at the MIDEM Conference currently being held in CANNES, FRANCE. While YOUTUBE touts the money it earms for the music business, others -- largely musicians and indie labels -- are not convinced YOUTUBE is good for the biz.
“We’ve paid out to the music industry over the last several years over a billion dollars,” YOUTUBE VP/Content TOM PICKETT was quoted by U.K.'s THE GUARDIAN during a panel session at MIDEM, adding “we are all-in on music”.
But anti-GOOGLE sentiment made its voice heard.
“GOOGLE are not music people, and that scares me,” said Australian independent music firm INERTIA's COLIN DANIELS.
"I am concerned with YOUTUBE entering the market because for YOUTUBE everything is about dominance, and dominance is connected to destruction,” added !K7's HORST WEIDENMUELLER.
THE GUARDIAN noted, "Friction between GOOGLE/YOUTUBE and the music industry is not a new trend, and there are many ways the two sides are working together, from YOUTUBE helping labels to identify user-generated videos using their tracks and make money from them, through to the GOOGLE PLAY music subscription service."