The Google-owned company plans to let more video creators earn money from the platform, lowering the barriers to entry for its partner program, according to audio from a YouTube all-hands meeting on Thursday. YouTube is expected to make the announcement at an event on Tuesday. It “is the largest expansion we’ve done in several years creating new ways for creators to join the program,” Amjad Hanif, vice president of product management and creator products, said in the staff meeting.
Source: YouTube Opens More Pathways for Creators to Make Money on the Platform
Warner Music announced early Wednesday morning that its acquisition group has raised $535 million in a secured senior notes deal. What it intends to do with those funds, which now add up to nearly a billion dollars on hand, remains to be seen.
Newspapers, TV stations and other news outlets that have seen their revenue siphoned away by online platforms could get an assist from Congress under legislation that a House panel took up Friday. If passed, the legislation would grant news organizations a four-year exemption from antitrust laws to band together to negotiate compensation from online platforms that use their content, including Facebook and Google.
Given the historical ubiquity of piracy in China, formal licensing deals weren’t an easy win, and getting royalty reports isn’t a given (the exclusive arrangements signed between the major labels and Tencent, which are said to be expiring in 2020/2021, pay out ‘minimum guarantee’ advances instead of royalties). Still, it’s a marked improvement for labels from the past situation in China – no income and no licenses.
