Yeah, I'm a little mystified at how they get off demanding that labels make their entire catalog available. That seems like a contract of adhesion to me, in which one side leverages an enormous economic differential to impose unconscionable terms on counterparties - if you want to put anything on YouTube in hopes of monetizing it, you must put everything you have on there.

I'm not expert on contract or antitrust law, but this seems like its sailing very close to the wind. I can see a consumer benefit argument for YouTube, but I can equally see an argument that it's just an incumbent entrenchment strategy designed to keep content providers locked in, a poison pill that prevents them entering into an exclusive arrangement with any other distributor.