Back in August, YouTube announced a settlement with the Nation Music Publishers Association in a lawsuit over music videos on YouTube not getting proper royalty payments. YouTube agreed that music publishers should get paid for music appearing in YouTube videos, which was a big deal for the legitimizing YouTube.
Now YouTube has announced the terms of that, agreeing to start paying out at least $4 million in advance payment for music publishing royalties, and artists will get paid based on their market share. This will cover YouTube videos generated by users playing owned songs too, so it’s pretty comprehensive. Go to Billboard to read more.