Spanish cinema is famous around the world thanks to the likes of directors such as Pedro Almodovar , Luis Buñuel and others. Now, thanks to a groundbreaking agreement with Spanish collecting society Egeda , these filmmakers could collect royalties from their works on YouTube. Content ID system, which helps combat piracy by allowing video producers to identify their copied content - and make money from it. Whenever copyrighted content is uploaded, the rights owner is asked whether the material should be blocked, allowed to stay up - or whether advertising should be inserted, with the copyright owners receiving revenue as a result. Enrique Cerezo , Egeda’s president.Posted by Maria Ferreras, Director of Strategic Alliances for YouTube, Madrid
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