EMI admits apprehension over YouTube

Posted on November 17, 2006 by

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EMI has revealed it will not rush into a deal with YouTube without ensuring proper copyright protection, following comments by EMI executives at yesterday’s financial presentation. The company famously held back from striking a deal with YouTube before it was snapped up by Google for $1.6bn last month, even though Warners and Universal secured deals. Industry speculators have since suggested EMI’s cautionary stance is a negotiating tactic to ensure a deal similar to Universal’s, which gives it a 1% share in YouTube’s equity and a payment of around eight-tenths of a cent every time a Universal song is played on the site.

Posted in: Music, Streaming