A step apparently taken to avoid copyright problems, YouTube has reached out an agreement with the UK-based MCPS-PRS Alliance that collects royalties for its 50,000 members who are composers, songwriters and publishers.
According to the joint agreement, YouTube can use more than 10 million copyrighted British songs for its members, who can add these music stuffs to their videos at the site.
The Google-owned video site has agreed to pay a flat fee in exchange for licensing the library of music, though the amount of the flat rate or financial details of the deal is not disclosed.
The recent deal has a number of good implications. First of all, it will protect YouTube from copyright cases in UK. Secondly, the artists can also make good money when their music is played at the video sharing site. In the wake of steady decline in the selling of CDs, the YouTube’s agreement with the MCPS-PRS Alliance will at least provide them some financial back up.
