YouTube in Copyright Conflict

Several musicians including Taylor Swift, U2, and others, have signed a petition to the US Congress asking for a revision of legislation used by web giants like YouTube as they “threaten[s] the continued viability of songwriters and record artists to survive.” Big music labels like Universal, Sony and Warner too have supported it and are advertising the petition. They’re complaining about the Digital Millennium Copyright Act, 1988, which oversees the way companies like YouTube uses material uploaded by users. What they basically want is more money from YouTube for airing their music. However, YT says that it has generated billions for the music industry and its created high-end tools to make it easy for music owners to control their works.