The US National Music Publishers’ Association and YouTube have reached an agreement that should solve the issue of unpaid royalties for musical works used in videos played on the video streaming service where ownership was previously unknown.

The statement does not specify how much money will exactly be distributed aside from stating that “millions of dollars in previously unclaimed non-performance royalties will be paid to publishers and songwriters, starting in 2017.” A spokesperson for the NMPA told Music Week that the amount will be “significant” and that “YouTube will administer the claiming process and pay out to the participating publishers”.

Source: www.musicweek.com

Advertisements