YouTube has acquired RightsFlow, a system that manages royalty payments for songwriters and music publishers, for an undisclosed amount. "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
"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.