New York: Google Inc`s YouTube online video
division has acquired RightsFlow, a firm that manages royalty
payments for songwriters and music publishers, for an
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 yesterday.
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.