The National Music Publishers Assn. (NMPA) has announced its newest settlement with a digital music service over unpaid royalties, revealing a deal with YouTube. The dollar amount of the settlement were not disclosed -- a press release on the news says “millions of dollars in previously unclaimed music royalties” -- music publisher sources had previously speculated to Billboard that it could land in the same range as the $30 million payout by Spotify.
The agreement is also meant to help solve the problem of songwriter attribution, so that music publishers and songwriters can not only be paid for works viewed on YouTube where ownership was previously unknown, but also be paid for those identified works moving forward.
“We appreciate YouTube’s willingness to work with us on behalf of the industry to help pay out millions of dollars in previously unclaimed royalties to publishers and songwriters,” NMPA president and CEO David Israelite said in a statement. “It is essential that we work with digital services like YouTube -- the most popular digital platform for music discovery -- to fix the challenge of incomplete ownership information to ensure royalties are no longer unmatched and music owners are paid accurately by the platforms that rely on their work.”