Youtube and the MCPS-PRS Alliance, which represents creators of more than 10 million songs, announced a deal that lets people who use Google's video-sharing site incorporate recorded music legally into videos.
YouTube agreed to pay a flat fee in exchange for licensing the library of music. The alliance will decide how to distribute the revenues to its members based on what music has been played on the site.
So, when you decide to use Lipps Inc.'s FunkyTown over that video of you doing the robot, someone you don't know will be paid by someone else you don't know. You will get none of the money. Sorry, buddy.
Look for more of these kinds of deals in the future, as youtube tries to fend off the charge that it is nothing but a music/video pirating service.