Music industry mining some revenue from YouTube

When you click play on the YouTube version of 50 Cent‘s “I Get Money,” the rapper actually gets money.

Thanks to a revenue ad sharing model that launched on the video site a couple of years ago that has earned some cash for indie video producers, the music industry is collecting a relatively small but steady stream of revenue.

This money continues to trickle in to music companies’ bank accounts from YouTube, even as record labels lobby Congress for radio to pay them airplay royalties like those that songwriters have been collecting for decades.

Currently, record companies receive royalties…

continue reading from souce by Mark Milian

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