A YouTube insider has spoken out to defend the platform in the face of numerous reports on its supposed fight with independent labels over 'unfair' terms for its upcoming streaming service.

Speaking to DeathAndTaxes, the YouTube source says that 95% of indie record companies that previously had a deal with the Google-owned company, have now agreed to new terms. 

The comments come a few days after formal proceedings against the site for alleged breach of European competition rules started in ...