From The BBC:
Music videos are once more available to YouTube viewers in the UK after the streaming site reached an agreement with songwriters' group PRS for Music... YouTube, owned by Google, is paying an undisclosed lump sum to PRS, backdated until January and lasting until 2012.
Woo hoo! Lump sum! Hang on. My videos never came off Youtube. I didn't moan. And why is that lump undisclosed? Will I get my rightful trickledown? Or will it just be the whiney U2's of this world? Or maybe not even them? Will it be like Spotify, where the money goes into a major label black hole and that's it?
A spokesman for PRS for Music, formerly known as the Performing Rights Society, said: "It is a lump sum deal which seems to work for YouTube's business model and offers recompense for our 60,000 members. We can be friends again."
In the UK, PRS for Music acts on behalf of member publishers as a collecting society for licensing fees relating to the use of music.
At the start of the row, Patrick Walker, managing director of broadcast and online at YouTube, told the BBC that PRS was seeking a rise in fees "many, many factors" higher than the previous agreement.
The Music Publishers Association (MPA) joined PRS in urging Google to rethink, while Lord Carter, who was the UK's Minister for Communications, Technology and Broadcasting, also waded into the debate.
Big fat "hmmm". And damn, making this would have been a lot easier if they'd sorted this last week. OH WELL!