Settlement between SADAIC – YOUTUBE – TARINGA
Recently the Argentine Management Society of Authors and Performers (SADAIC), has announced that it has reached a settlement with Youtube; which establishes that argentine musicians may have unexpected gains each time someone visits one of their videos on Youtube.
According to a report of SADAIC and the DNDA (Direction of Copyright) there were more than 3000 million visitors to Youtube videos in all the country, belonging to registered artists. This represents an income of $1.5 million argentine pesos (aprox. USD150.000). In order to receive royalties for copyright, previously the author should be registered in SADAIC.
In the same way, SADAIC, together with the Argentine Association of Interpreters (AADI) and well known website TARINGA!, have signed a letter of intent that establishes the will of the parties to reach an agreement regarding the payment of fees in respect of copyright and related rights.