The deal means that the website will pay royalties generated from views of user-generated videos that contain music written by artists represented by the NMPA. It also means that the NMPA will drop its legal challenge to YouTube over the payment of royalties from the viewing of their artists' music, reports the LA Times.
The arrangement does not cover the four major music publishers owned by EMI Music Group, Universal Music Group, Warner Music Group and Sony Music Entertainment, each of whom have separate licensing contracts with YouTube.
The deal also includes covers of a licensed song, which means both the NMPA and YouTube can share revenue from users posting covers of artists' work on the site.
Labels represented by the NMPA who do not wish to be part of the agreement have been given until the middle of next month to opt out of the deal.
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