PRS For Music (Performing Rights Society) has signed a deal with YouTube in a new multi-year licensing agreement that now expands beyond the UK into over 130 territories in Europe, Middle East, and North Africa.
The license enables YouTube to use PRS for Music’s repertoire in official music videos and content, live footage, soundtracks, and user generated content.
Terms of the deal are unknown; though the deal represents a notable step for the oft-at-loggerheads duo. PRS for Music is comprised of around 95,000 songwriters, TV and film score composers, and publishers.
Multi-year contract for 1/10 of 1/10 of the cent currently paid by YouTube? Who needs those “deals”?
Convert best chunks on YouTube to merchendise for sale and then negotiate deals!