About 69% of Finnish music consumers use YouTube, according to Teosto. The collection society says it represents more than 30,000 composers, songwriters, and publishers from Finland and nearly 3 million internationally. It paid out €60 million ($71 million) to members last year.
“Teosto has had long negotiations with YouTube in good spirit,” the group said in a statement, adding that the “only goal for Teosto is to ensure the rights holders receive the compensation they deserve from the strong growth of YouTube in Finland.”