Song Writers To Get Paid for Video Views
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| Song Writers |
Record companies are negotiating royalty pay to song writers and publishers from video advertisements. I know you've watch a music video on YouTube or other video social networks and happen to click on the advertisements at the bottom. A few days ago, Universal Music Group signed a deal with the National Music Publishers Group to pay royalties to songwriters and publishers.
It's reported that Universal, Sony Music and Abu Dhabi takes in about $150,000,000 a year in advertisement from video sites which up until now, songwriters didn't received a penny. This new agreement will help songwriters earn royalties from video advertisements, ringtones, dual discs, multi- session audio locked in products. Record companies are still negotiating terms which Universal Music Group is parcel to the agreement, Sony has not signed on as of yet. Hopefully songwriters will see a portion of the revenue they work so hard for in the future. Check out the story here:http://music3point0.blogspot.com/2012/06/songwriters-finally-to-be-paid-on.html
