Want to get the full skinny on today's licensing dispute between Google/YouTube and PRS for Music, which has led to thousands of music videos being removed from the site? Both sides have issued statements – YouTube via its blog and the PRS via a press statement. In the interests of fullness (and fairness), both are reproduced in full below the jump.YOUTUBE (link)”We have invested a lot of time and effort trying to ensure that our community can find and enjoy the music they love, and we have strong partnerships with three of the four largest record labels in the world, as well as many independent labels. But copyrights in music can get pretty complicated. For example, there may be several different copyrights in a single music video, controlled by different organisations with different interests. The visual elements and the sound recording of a music video are typically owned by a record label, while the music and lyrics of the song being performed are owned separately by one or more music publishers. These publishers often designate organisations called collecting societies to issue licences and collect royalties on their behalf. In the UK we've had a licence from the collecting society called [...]
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