Less than a week after the National Music Publishers' Association annual meeting, when president and CEO David Israelite said the organization was chasing the major labels to pay indie music publishers for videos streamed on VEVO and Youtube, the NMPA has announced its first deal with a major, the Universal Music Group.
The NMPA termed the agreement, which covers North America, a groundbreaking model licensing deal because it will allow songwriters and music publishers to share in revenue from music videos.
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