“Half of the music industry's YouTube revenue comes from fan content claimed via Content ID
The above quote needs to be read 10 times aloud x printed out x stuck on your fridge if you into music x tech stuff. Damn $1 Billion. This is crazy and Google has responded and this is a good sign for musicians.
In more simple words what does this mean. Google Content ID lets copyright owners (musicians) “claim” videos users upload to YouTube x they get money from all the views those clips get.
Here is a crazy fact for you. Google has created $2 billion for copyright owners since 2007.