YouTube Signs Deal with UK Musicians

After more than nine months of bitter wrangling, YouTube has agreed a licensing deal with British songwriters that will see thousands of music videos return to the online video site.

Business Week reports that YouTube has secured an agreement with the PRS for Music, the body that collects royalties on behalf of songwriters, composers and music publishers, over the size of the royalties for every video viewed.

The companies declined to reveal the terms of the deal, but it emerged YouTube has agreed to pay a lump sum as part of the agreement.

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emily | 9:05 AM | |
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