Google has announced that they have acquired RightsFlow to help with their YouTube video sharing platform.
The company said:
Today, we’re excited to announce that we’ve acquired RightsFlow, a New York-based company that helps songwriters, recording artists, record labels, distributors and online music services manage music rights. As new ways of consuming music have emerged, RightsFlow has been at the forefront of solving the complex issues of licensing and royalty payment management. We couldn’t think of a better team to bring on board to further YouTube’s support of the creative community.
We’re pleased to now be taking a momentous step with the team at YouTube, that shares in our vision of solving the really challenging problem of copyright management. Combined with the worldwide platform and reach of YouTube, we’ll now be able to drive awareness, adoption, and licensing success to a much larger audience — ultimately benefiting users, artists, labels, songwriters, publishers, and the entire global music ecosystem.
Google said that this acquisition would help them with licensing more music for broadcast on YouTube. The deal is also good news for the artists around the world who would get more avenues to get paid for their work.