YouTube Wins Favor with UK Artists

September 4th, 2007

Big news in digital media this week. Nokia launched a music store, while Sony closed one. NBC nixed its TV shows on iTunes, while YouTube signed royalty deals with UK artists. And the headlines roll on.One of the biggest media stories this week saw YouTube’s parent company, Google, agree to pay 50,000 UK songwriters, composers, and music publishers for content consumers view on the site. It’s a move to ink deals that expand YouTube’s library of legitimate professional content. And it comes in the midst of a bloody $1 billion legal battle with Viacom.

“YouTube is demonstrating it wants to be a good corporate citizen,” said Phil Leigh, senior analyst at Inside Digital Media. “As long as the content rights holders are willing to negotiate reasonable terms, YouTube is going to pay them.”

Click here to read the rest of this story on NewsFactor.

Entry Filed under: Hot off the Press