YouTube hires veteran music executive Lyor Cohen as music head
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
A man walks past a YouTube logo at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. REUTERS/Lucy Nicholson
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Reuters) - YouTube, Google's video streaming service, has hired former Warner Music Group executive Lyor Cohen as its global head of music as it looks to strengthen its relationships with the music industry.
Cohen, a veteran of the music industry, most recently served as the chief executive and co-founder of the 300 Entertainment record label, which currently includes prominent hip-hop artists such as Fetty Wap, Young Thug and Rich the Kid.
Cohen said in a letter to YouTube employees that he would look to help the music community "embrace the technological shifts we're seeing in music today so we can help take the confusion and distrust out of the equation".
YouTube has had a contentious relationship with the music industry which has often complained that streaming services do not pay artists enough for their music.
The European Commission is also looking at imposing an obligation on platforms hosting user-uploaded content — such as YouTube, Vimeo and DailyMotion — to seek agreements with rights holders "reflecting the economic value of the use made of the protected content".
Cohen will continue serving in his role at 300 Entertainment till Dec. 5, according to a YouTube spokesperson. Google, which has previously made an investment in Cohen's 300 Entertainment, will remain a stakeholder.
(Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iraqi general's tour suggests tough fight ahead in west Mosul
- Trump order paves way for agencies to weaken health law
- Women lead unprecedented worldwide mass protests against Trump
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!