YouTube has reached songwriting and publishing deals with BMG Rights Management, Christian Copyright Solutions, ABKCO Music, Inc., Songs Music Publishing, Words & Music, Copyright Administration, Music Services, Reservoir Media Management, and Songs of Virtual.
The deals mean that artists such as Adele, Cee Lo Green, Foo Fighters, The Rolling Stones and Sam Cooke amongst others, will be able to share in more of the revenue that the YouTube community yields.
Using a Content ID system music publishers can now identify the works of songwriters whether the compositions appear in an original sound recording or in a cover version, using information provided to Youtube by the publishers.
In a blog post, the streaming site said: "We’re committed to making sure [artists] works can reach the widest audience, and that the singers and songwriters will continue to be appropriately compensated for these works that we all love so much."
These new deals, along with the licenses from the publishers who have opted in to last year’s deal with the NMPA / Harry Fox Agency, will allow YouTube to monetize nearly all of the user generated videos with music on YouTube.
For more information on the 17th Annual USA Songwriting Competition, go to: http://www.songwriting.net