The exec said the issues raised in the memo had 'not been the context or the tenor of the negotiations.'
The dust is just starting to settle after a leaked memo from Warner Music Group CEO Stephen Cooper surfaced late last Friday (May 5) that seemed to both celebrate reaching a new deal with YouTube and at the same time expressed frustration in negotiating with the video platform with its perceived value gap and inability to control and monetize unlicensed content.
This week, in a revealing interview between ReCode's Peter Kafka and Lyor Cohen, the former CEO and president of recorded music at Warner Music Group -- who currently serves as YouTube's head of global music -- expressed his dismay at Cooper's statements. Here too, the longtime music industry veteran explained how his former protége at Atlantic, current co-CEO Julie Greenwald, encouraged him to clamp down on Google's search giving prominence to pirated content and expressed his excitement over an upcoming merch and ticketing initiative with Live Nation.
In regard to Cooper's memo, Cohen said he was "surprised" because the issues Cooper had raised in his memo had "not been the context or the tenor of the negotiations" and he claimed to be "really impressed with how Steve and his team have been thinking about it." He said he never heard Cooper say anything about "safe harbor," which Cooper had mentioned in his memo, and that this new deal was geared towards both companies' shared interest in building the video platform's music subscription and advertising-based businesses.