New EU copyright legislation could be the biggest threat to YouTube’s business model in a decade (GOOG, GOOGL)
|06/21/2018||Posted by BusinessMediaguide.Com under General World News||
- A European parliament committee voted in favor of legislation designed to help content creators pocket a greater share of the money that they help YouTube-esque sites generate.
- The proposed law could require YouTube to license copyrighted content that users post to the site, or be required to quickly remove it.
- The way it works now under current copyright law is that the owners of the IP can choose to share ad revenue from the infringing content with Google, or send Google a takedown notice and have it removed from YouTube entirely.
- Tech companies say the legislation is misguided and will read more >>>