YouTube, ASCAP Deal Said to Ensure Music Industry Parties Receive Fair Compensation
An agreement between YouTube and the American Society of Composers, Authors and Publishers is designed to ensure ASCAP members are paid more fairly and accurately for the use of their music on YouTube, they said in a Tuesday announcement. The…
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agreement leverages YouTube’s data exchange and ASCAP’s database of musical works “to address the industry challenge of identifying songwriter, composer and publisher works on YouTube,” they said. The collaboration will enable “new levels of monetization and transparency” for ASCAP members, with an ultimate goal of ensuring that “more money goes to the songwriters, composers and publishers whose creative works fuel the digital music economy,” said ASCAP CEO Elizabeth Matthews.