Update: A YouTube spokesperson responded to us with the following statement: The overwhelming majority of labels and publishers have licensing agreements in place with YouTube to leave fan videos up on the platform and earn revenue from them. nowadays the revenue from fan uploaded content accounts for roughly 50 percent of the music industry’s YouTube revenue. Any assertion that this content is largely unlicensed is deceptive. To date,we have paid out over $3 billion to the music industry – and that number is growing year on year.
Nine Inch Nails frontman Trent Reznor has told Billboard that YouTube is built on stolen content.
Personally, I find YouTube’s commerce to be very disingenuous. It is built on the backs of free, or stolen content and that’s how they got that ample. I think any free-tiered service is not unprejudiced. It’s making their numbers and getting them a ample IPO and it is built on the back of my work and that of my peers. That’s how I feel about it. Strongly. more…
Filed under: YouTube Tagged: apple music,Trent Reznor, YouTube
Source: 9to5google.com