
Now, with youtube there are various people who use music in their video's. Music which is the intellectual property of the record companies for which these artists have signed, or of themselves if they aren't signed with any company. Any use of this music on a website, on a CD, or as backing music on a video must be condoned by the intellectual property holder of the piece in question.
Of most of these video's on youtube or revver, I am quite certain that no record company or artist has given permission to use their music in your video.
Usually, when a record company finds this out they will ask youtube or the author of the vid to remove the video and be done with it. However, I should also note that some of the smaller artists/record companies might see this as free advertisement and therefore take no action about it.
However, with a site like revver coming up and authors actually getting paid for putting up video's with music in it to which they don't own the rights and don't have permission to use, record companies might actually sue the author of the video for missed profits.
So here's my advice to y'all, if you haven't gotten permission for the music in your video's, don't make these video's public. You might end up in legal trouble, especially if your video becomes too popular. Just ask the copyright holder if you can use their music in your video. It's as easy as that.
I sincerely hope LG15's crew has done this too, or they might get into serious trouble since they are now making quite a big buck out of revver revenues!