Breaking news from FT.com

View an online version of this email here.  All times are London time: Saturday Dec 20 2008 Breaking news Warner Music pulls out of YouTube licensing deal Warner Music, one of the first media companies to strike a licensing deal with YouTube, has demanded that the Google-owned site pull down all videos from its artists and songwriters, in a move affecting millions of pieces of professional and user-generated content. "We are working actively to find a resolution with YouTube that would enable the return of our artists' content to the site," a Warner spokesman said: "Until then, we simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide." Edgar Bronfman, Warner's chief executive, made its recordings and its catalogue of songs available to YouTube in September 2006, a month before the upstart video sharing site's $1.65bn acquisition by Google and at a time when Universal Music was suing the group. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2008. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.