YouTube CEO Says EU's Proposed Copyright Regulation Financially Impossible

YouTube CEO Susan Wojcicki has again hit out at proposed new European Union copyright rules which she claims is impossible for a platform like YouTube to comply with, and if done so, could harm the creative industries. Wojcicki said the European Parliament's vote in favor of an overhaul to copyright law two months ago is 'unrealistic' because owners often disagree on who owns the rights to online material. In a blog post, she wrote: Take the global music hit 'Despacito.' This video contains multiple copyrights, ranging from sound recording to publishing rights. Although YouTube has agreements with multiple entities to license and pay for the video, some of the rights holders remain unknown. That uncertainty means we might have to block videos like this to avoid liability under article 13. Multiply that risk with the scale of YouTube, where more than 400 hours of video are uploaded every minute, and the potential liabilities could be so large that no company could take on such a financial risk.

The consequences of article 13 go beyond financial losses. EU residents are at risk of being cut off from videos that, in just the last month, they viewed more than 90bn times. Those videos come from around the world, including more than 35m EU channels, and they include language classes and science tutorials as well as music videos. We welcome the chance to work with policymakers and the industry to develop a solution within article 13 that protects rights holders while also allowing the creative economy to thrive. This could include more comprehensive licensing agreements, collaboration with rights holders to identify who owns what, and smart rights management technology, similar to Content ID.

Read more of this story at Slashdot.