Google calls the tune after the day the music died on YouTube by Andrew Keen

It was last Tuesday that the music died for British viewers of YouTube.It was then that Google, YouTube’s strict parent, began blocking UK viewers from watching what they call “premium music videos” on the internet’s most popular video platform. The reason, of course, was money. Google had been unable to cut a new licensing or royalties deal for YouTube content with the Performing Rights Society (PRS), the body that collects royalties for music artists. Both sides naturally went in PR spin overdrive after the decision – PRS finding Google’s decision “particularly disappointing”, while a Google spokesman claimed that PRS’s financial demands were so “prohibitive” that they would force YouTube to “lose significant amounts of money with every playback”.
http://www.independent.co.uk/news/media/online/andrew-keen-google-calls-the-tune-after-the-day-the-music-died-on-youtube-1645642.html