Warner Music and YouTube, co-owners of the one of the Web’s nastiest spats, are about to patch things up. How’d they do it? By cutting a deal that looks a lot like the one YouTube has already made with Universal Music Group.
A licensing dispute means Warner Music Group can’t promote a new album by one of its biggest acts on the world’s biggest video site. But you can still find Green Day videos on the site, if you know where to look. What gives?
Turns out not everyone is convinced that big music is dying: Investors have snapped up $1.1 billion in debt issued by Warner Music Group–double the amount the company had originally planned on issuing when it announced the offering yesterday morning. The fine print gives the label some flexibility in case of a “major music transaction”–say, perhaps, a deal to merge with EMI.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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