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YouTube postpones blocking independent labels

YouTube has decided to postpone a controversial plan to block certain record labels from its video platform, following an outcry from the creative community and growing scrutiny from European regulators, Financial Times has reported, citing people familiar with the matter. Two weeks ago, the Google-owned video-sharing website warned that “in a matter of days” it would start taking down videos from a number of record labels that had refused to sign its new licensing terms. The move by the world’s largest video streaming company would allow more time to negotiate a solution with labels, although it still intends to block them if they cannot reach agreement, the people said.