YouTube is all set to remove music videos by artists like Adele, Arctic Monkeys and Radiohead, as the independent labels that they work for have refused to agree to terms with the site.
Google, the owner of the YouTube, are now renegotiating contracts as they prepare to launch a music subscription service.
The three major record labels - Universal, Sony and Warner - have come to an agreement with the site, but negotiations came to a naught with smaller independents, the BBC reported.
According to some independents, they were being offered "highly unfavourable terms".
Alison Wenham, who runs the Worldwide Independent Network, which represents the independent music community, said that the video sharing site was committing a grave error of commercial judgment in misreading the market.
She said that they tried and will continue to try to help the site understand just how important independent music is to any streaming service and why it should be valued accordingly.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
