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Scooped by Jérôme Rastoldo onto Music business |
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"This is called hugging it out, at least for now. According to John Hirai, who heads music for YouTube Japan & Korea, the deal with VEVO is likely to be renewed for at least a few more years, if it hasn't been already. "There are some things that were written in the press that are not entirely true, because I've been involved in the negotiations myself," Hirai said recently at MU:CON in Seoul, South Korea."
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Legal costs piled up over four years as the music service defended itself against a copyright suit from EMI proved to be too much, says founder Michael Robertson. Read this blog post by Greg Sandoval on Internet & Media. Delete the scoop?
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