You would think that by 2013, major copyright organizations would have already set agreements with YouTube. Apparently not.
Just ahead of the weekend, STIM (Swedish Performing Rights Society) announced that they have reached a deal with YouTube on revenue for their members. That will allow STIM’s 71,000 members to receive payment from YouTube for the first time. The organization is a major player amongst copyright organizations, representing songwriters, composers, and authors such as First Aid Kit, Swedish House Mafia, and Max Martin.
This agreement will also allow other songwriters and composers around the world to finally earn money from YouTube in Sweden, as STIM has partnerships with other organizations. There is no word on exactly how much money will be paid out, but the agreement is supposedly “mutually beneficial”.
Earlier this year France’s Society of Authors, Composers and Publishers of Music (SACEM) signed a large scale agreement with YouTube
Image by jdreng, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0)