SoundExchange is expanding its global reach with five new reciprocal agreements with record label collection societies in France, Spain, Sweden, Ireland and Jamaica. SoundExchange has also become the first U.S. performing rights organization (PRO) to drop it’s administrative fees on royalties collected for members from foreign PROs on or after January 1, 2012.
YouTube yesterday announced deals with music publishers such as 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 new deals, along with the licenses from the publishers who opted into last year’s deal with the NMPA and Harry Fox Agency, enables YouTube to monetize nearly all of the user generated videos with music on YouTube. When publishers allow YouTube to run ads alongside user generated videos that incorporate their compositions, then the publishers, the songwriters they represent, and the record labels and artists using their compositions each receive a share of the revenue.