EU: YouTube has change of heart in indie label feud

YouTube has reportedly responded to recent outcry from smaller music labels slamming the Google-owned video streaming service for anticompetitive behavior.

Just weeks after reports emerged that YouTube was forcing certain contractual terms on indie labels if they wanted to have their music streamed from YouTube’s new music service, YouTube has reportedly announced that it would open itself up to negotiations with the labels. The labels were warned that if they did not agree to the contracts, their music would be taken down from YouTube within mere days.

But now YouTube seems to be open to altering the licensing terms with those labels. Reports say, however, that YouTube will still take down the labels’ music if parties cannot agree on contract terms.

The labels had previously called on European competition authorities to investigate the matter.

Full content: CNBC

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