Estimated reading time: 0 minutes, 30 seconds

Publishers, YouTube Find Common Ground on Royalties

YouTube announced a settlement with the National Music Publishers’ Association, regarding unpaid songwriting royalties. So reports The New York Times.

The settlement is estimated at $40 million, although neither side in the matter commented on the exact amount. The publishers’ association has worked toward identifying missing information about songwriters and the publishers that represent them, which has become a persistent problem.

This agreement will give some publishers access to songs YouTube has missing or partial data on and YouTube will pay out royalties from a dedicated fund to compensate the proper parties.

Read the full story from The New York Times

Read 2845 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.