http://news.yahoo.com/s/nm/20060914/wr_nm/media_universalmusic_youtube_dc So basically what they are saying is that they want to spend obscene amounts of time and money to produce promotional advertising materials (ie. music videos) to sell their product (cd's), but then go out of their way to make it MORE difficult for people to see those promotional materials.
Best line:
<snip>Record companies are keen to avoid repeating the mistake they believe they made when Viacom Inc.'s MTV was set up 25 years ago -- allowing their artists' music to be aired for free.
Morris in his remarks to investors on Tuesday said MTV "built a multibillion-dollar company on our (music) ... for virtually nothing. We learned a hard lesson." <snip>
Yeah, record companies didn't benefit from MTV's success at all did they? Only in the parallel universe of big record companies could entities offering them free advertising be a bad thing. I also love how he refers to it as "our music". Technically true, but very telling.
I could see if we were talking about people uploading entire musical artist's dvd's. But since that pretty clearly violates copyright infringement it wouldn't be allowed up on youtube anyway.