Quote:
Originally Posted by Chief
They will be back. Universal music has admitted it is making a mint with youtube, in an area (music videos) that used to be purely promotional and not make any money. I believe they stated their figures were in the 10's of millions with youtube and heading close to the 100 million/year mark. I don't know how viable youtube is with regular media (tv, movies, etc) but with music there is 0 doubt. Give it a few months at most, youtube was apparently close to a deal with them before they changed the terms at the last moment, with youtube's other music contracts up for renewal I guess they didn't want to make the concessions they wanted. They will agree on terms sooner or later though.
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Where did you read that? I'd like to see that too. I think if Universal's music dept. was even making 100 million with everything they are doing these days I'd be shocked. The music industry has been pretty much dead in comparison to what it once was. Can you post a link to that article? 100 million a year on youtube...