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YouTube Moves To Block Indie Labels

YouTube will begin to remove music videos by artists signed to independent record labels that have not agreed to the new terms.

As reported in the Financial Times, YouTube - owned by Google - will be blocking videos "in a matter of days" as it prepares to launch its music subscription service. A spokesperson for the indie labels said YouTube were making a "grave error of commercial judgement".

Artists affected include big names such as Adele, Arctic Monkeys and Radiohead - who all belong to independent labels  - as well as a number of smaller, local bands. The three major record labels - Universal, Sony and Warner - however have all agreed to the new terms.

As YouTube renegotiates contracts, they said they will be bringing "new revenue streams" to the music industry.