YouTube keeps trying to show that it’s a friend to the music industry. Earlier this week it published a blog post highlighting the fact that, in the last year, it paid out more than $1 billion to the music industry from advertising alone. Today came an announcement that YouTube has reached a deal with the National Music Publishers’ Association to pay millions in royalties to songwriters.
The settlement is reported to be between $30 and $40 million — about the same size as a deal reached by Spotify with the group earlier this year. The money will go to songwriters and publishers who may not have been paid because a lot of online music lacks the proper data, making it hard to establish credit for those streams and pay out royalties.
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