- YouTube to pay royalties:
The deal with the British organization, MCPS-PRS Alliance, which collects royalties for British musical artists, is believed to be the first full agreement. Analysts suggest it could run into the tens of millions of dollars.
More in the AP story:
•YouTube to Pay British Licenser for Use of Songs (NYT)
•YouTube Agrees to Music Royalty Deal For U.K. Performers and Songwriters (WSJ)