Despite the strong objections of many in the indie label community, "all but 5% of all labelsâ have agreed to the terms offered by YouTube for its new music service, according to a new report. A 95% acceptance rate would jive with reports we've recieved that, in addition to the major labels and their independent distribution arms, other indie distributors including The Orchard have also signed the new YouTube contract.
âItâs business. Youâll never get everyone to agree,â a YouTube spokesoerson told the Death & Taxes blog. The spokeperson also suggest that indie trade groups were âmisrepresenting their own membersâ in an effort to âmake it sound like this [change in terms] impacts all indies... [it's] very unfortunate how things have unfolded.â