Google grabs YouTube but is that the end ?
by
on October 16, 2006,

Google has purchased YouTube, but it does not end there. Now Google needs to face the copyright laws that has long been a big issue with Youtube. In order to resolve this matter, YouTube has sign deals which allow users to use major label’s music (Sony, Warner) in their videos. The catch is the advertising revenue from the video displays must be shared with the content owner. YouTube now continues to host copyrighted content but they sign revenue-sharing agreements with all the major music’s labels. With this thing in effetc, the labels, YouTube and users will be happy and money will be earned. Now all the users want is a piece of the $1.65 billion, since without them, Youtube would not have this windfall…….Lets hope the social side don’t cause it to commit a downfall…
YouTube’s copyright conundrum source
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