YouTube wants to offer its "creators" - i.e. those video producers who participate in the YouTube Partner Program (YPP) - more options for the musical accompaniment of their videos in the future and is launching a licensing service with Creator Music. There will be an area in YouTube Studio where various commercial music tracks can be selected for use in videos, with two basic licensing options.
On the one hand, classic usage licenses can be purchased for an upfront fee, similar to other music portals. On the other hand, a revenue share can also be agreed - in this case, a portion of the video revenue generated by the clip in question is paid to the artists and the corresponding music rights holders.
However, Creator Music will initially only be launched in the USA on a trial basis - the service is then to be made available worldwide next year.
YouTube already offers royalty-free music in an audio library - we assume that these songs will also be available in the new Creator Music area, but this is not clear from the announcement.