Tuesday, June 13, 2017

YouTube, ASCAP Reach U. S. Performance Rights Deal | hypebot

Youtube_logoPerforming rights organization ASCAP and YouTube have signed a multi-year agreement for US public performance rights and data collaboration. Under the agreement the two will work together to ensure that ASCAP members get paid more fairly and accurately for the use of their music on YouTube.

Ascap-new logoThe new agreement between ASCAP and YouTube is all about better data.  

With no official central database of songs and songwriters, YouTube, Spotify and other streamers have repeatedly come under fire for failing to properly identify and compensate some songwriters.

This new deal will leverage YouTube’s extensive data analytics and ASCAP’s database of musical works to address the ongoing industry problem of identifying songwriter, composer and publisher works on YouTube.  The collaboration should lead to new levels of monetization and transparency for ASCAP members.

“This agreement achieves two important ASCAP goals – it will yield substantially higher overall compensation for our members from YouTube and will continue to propel ASCAP’s ongoing transformation strategy to lead the industry toward more accurate and reliable data," ASCAP CEO Elizabeth Matthews said in a statement. "The ultimate goal is to ensure that more money goes to the songwriters, composers and publishers whose creative works fuel the digital music economy.” 

“YouTube is dedicated to ensuring artists, publishers and songwriters are fairly compensated,” said Lyor Cohen, Global Head of Music at YouTube. “As YouTube delivers more revenue to the music industry through a combination of subscription and advertising revenue, it’s great to see ASCAP take a progressive approach towards the long term financial success of its members.”

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