Law360, New York (August 30, 2007, 12:00 AM EDT) -- Internet video site YouTube has reached an agreement with the U.K.'s largest copyright society, inking a landmark deal that gives the popular Web site the right to use more than 10 million musical compositions.
YouTube and MCPS-PRS Alliance, a British group responsible for licensing the works of over 50,000 composers and performers, signed the deal on Thursday. In exchange for the right to use the music, YouTube agreed to pay MCPS-PRS an undisclosed fee.
The licensing agreement makes MCPS-PRS the first collecting society outside the United...
YouTube Strikes Deal With British Copyright Group
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