Google
Inc's YouTube online video division has acquired RightsFlow, a firm
that manages royalty payments for songwriters and music publishers, for
an undisclosed amount.
Founded in 2007, RightsFlow handles licencing rights for more than 30 million songs. |
| . |
'We
are excited to announce that we have acquired RightsFlow, a New
York-based company that helps songwriters, recording artists, record
labels, distributors and online music services manage music rights,'
YouTube Product Manager David King said in its blog on Sunday.
However, financial terms of the deals were not disclosed. The deal would help video-sharing service YouTube to efficiently license music. 'By combining RightsFlow's expertise and technology with YouTube's platform, we hope to more rapidly and efficiently license music on YouTube, meaning more music for you all to enjoy, and more money for the talented people producing the music,' King added. |