This is a good news for all the songwriters but I would say the increase in payment should be extended to all quality video providers. The Youtube has recently tightened its noose around those who use spammy ways to get revenues but on the other hand they should also increase the amount of money for the users who provide quality content.
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How do you mean exactly? You're definitely right about the youtube, but how do you think the shift for music could happen with video revenues? I thought they a bit thinner for music, but I'm not sure.