Article 1325 Nov 2018 22:50
directive from EU requires that internet companies which distribute copyright content such as videos pay appropriate and fair remuneration to the content creators. This is a core market for micropayments systems. There is a lot of chatter about how much some people dislike the proposals because youtube have threatened to block EU content, but the way forward is to use micropayments, and pay content creators for their work. At the moment many people upload and share copyright material which they do not own rights to, and the proposals require cooperation from internet platforms to ensure that royalties are paid. At present youtube keep all the revenues they make for themselves.