Over 150 music industry figures have joined Taylor Swift to protest against YouTube profiting from their music.
(CCM) — Taylor Swift has launched an attack on YouTube for offering streamed music for free, according to a report in the Daily Mail. Swift and over 150 other industry figures, including Sir Paul McCartney, have signed a petition to the U.S. Congress calling for a rewrite to the Digital Millennium Copyright Act — the law which allows YouTube and other Internet services to stream music uploaded by their users. Sony Music, Universal Music, and BMI, the three big record labels that handle the multi-million dollar contracts of many of these artists, also support the petition. YouTube does pay to stream music uploaded by fans, but the artists and labels claim that YouTube (and other free steaming services) are generating huge profits from the music without compensating them fairly for it. They also argue that music made available on YouTube for free hurts paid-for music streaming services such as Apple Music and Tidal.
YouTube hit back at the music industry figures, claiming that it has already paid out over $3 billion to the music industry. "The overwhelming majority of labels and publishers have licensing agreements in place with YouTube to leave fan videos up on the platform and earn revenue from them," a spokesperson for the company said.
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