That's all folks: Warners yanks stuff from YouTube

Warner Music have whacked all their videos off YouTube, over that most Warneresque of obessions, a belief that they're not getting the amount of money they should be. They've released a statement:

“We are working actively to find a resolution with YouTube that would enable the return of our artists’ content to the site,” Warner said in a statement. “Until then, we simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide."

Given that nobody is making much money off web video, it's not immediately apparent why Warners think they're being sold short (and, interestingly, I can't seem to find anything which shows Warners sharing any of the money they've got from the Google video site with their artists); presumably they know that all they're doing is guaranteeing that their artists will miss out on the exposure to the YouTube audience while their videos will appear on other, less engaged sites with no money at all flowing back to them.