YouTube and Warner Music Group have failed to reach an agreement about how the label should be compensated for its music featured on the popular video-streaming website. The fallout from the failed financial negotiations means all videos--both official and user-generated--featuring songs from Warner artists have been pulled and/or banned from YouTube, according to published reports.

Warner pulled all of its music from YouTube Saturday (12/20) and users who uploaded videos with a WMG song for a soundtrack have received or will soon receive takedown notices from the label.

The list of Warner artists affected is extensive and ranges across all genres, including hip-hop, rock, easy listening, country, reggae and more. Among the artists whose music will no longer be on YouTube are Madonna [ tickets ], Led Zeppelin, AC/DC, Faith Hill, Kid Rock, T.I. [ tickets ], Lupe Fiasco, Gnarles Barkley, Rob Thomas, Linkin Park [ tickets ], Metallica, Mana, Ziggy Marley, Prince, Seal, Red Hot Chili Peppers and many, many others.

Fan-generated videos that feature Warner music as a soundtrack can remain on the site if the uploaders replace the song with non-Warner tunes. To that end, YouTube has offered users its Audioswap feature, which lets fans easily select new music for their videos.

Details of the failed financial deal were not available. However, another major-label group, Universal Music Group, recently said it is earning tens of millions of dollars from the site. Yet Warner maintains it should be paid a higher percentage of ad revenue for videos that use its music. "We simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide," WMG said in a statement.

YouTube parent company Google responded on the YouTube blog by saying it isn't always possible to maintain these "innovative agreements" with major labels. "Sometimes, if we can't reach acceptable business terms, we must part ways with successful partners," the company said.

In the past, Google has said it doesn't make a material amount of money from YouTube, so increasing payouts to content owners mean the video site would cost the company money to operate. On the other side, major labels and artists continue to work on protecting their right to be compensated for their work.