YouTube, Music Labels End Standoff, Move Toward Paid Service
- New Universal, Sony agreements allow video uploads to continue
- Deals establish royalty rates between YouTube, rights holders
Source: Chad Springer/Image Source/Getty Images
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YouTube signed a new long-term agreement with the top two music labels, promising stronger policing of user uploads of copyrighted songs and paving the way for a new paid service after two years of tumultuous negotiations.
Universal Music Group said its deal with YouTube will give artists more flexibility and better pay. Sony Music Entertainment also signed a new agreement, according to people familiar with the matter. The Tokyo-based parent company declined to comment.