Two examples of how little YouTube pays in royalties, from the PRS supported website FairPlayForCreators.com:
Pete Waterman, record producer, writes:
"I co-wrote 'Never Gonna Give You Up', which Rick Astley performed in the eighties, and which must have been played more than 100 million times on YouTube - owner Google. My PRS for Music income in the year ended September 2008 was £11."
Mark Kelly, keyboard player for Marillion writes:
"In my last quarterly PRS for Music statement I received 0.6p from YouTube. With over 10,000,000 views for Marillion's videos I'm wondering if there's more to come. Like many musicians, I rely in part on my PRS for Music income to live. If we are not going to be earning as much from traditional CD sales because people choose to get their music in other ways then it's only fair that the likes of Google share some of the fantastic profits they are making at our expense."
It puts the current dispute between the PRS and YouTube/Google into context. It's exactly what the PRS should be doing - using real examples to illustrate their point and counter the idea that everyone in music is rich.
But remember, YouTube loses a lot of money. Losses are projected at $470m in 2009.
Subscribe to:
Post Comments (Atom)
2 comments:
that really is crazy. Perhaps with Google's new models in China all this will start to change.
YouTube will make a loss though if it has to properly pay everyone, so not sure how this is going to work...
I know - it's incredible. It also highlights the true cost of 'free' and the lack of regulation - if people get stuff for free then an awful lot of money drains out of the system. Apparently Pete Waterman has also been quoted saying that he gets more money from Radio Stoke playing it than from YouTube.
http://www.rte.ie/arts/2009/0409/watermanp.html
Post a Comment