Well you don't need to worry about that. Few years ago, Music companies used to launch their Songs/Albums just through Cassette, CD/DVD, etc. And as soon as internet took over and YouTube became the powerful medium of sharing Songs/Videos worldwide, Music companies also changed their way of selling/promoting their products. Now they also upload their songs on their Official YouTube channel and monetize it. By monetizing the song, they will be paid by YouTube based on their ads impression(per click). On the other side we can also see that Cover Versions are also trending on YouTube.
What is Cover Version ?
Re-created version of Original Song is called as Cover Version. Any individual can re-create the song in his own voice or music.
So does that mean we can upload our Cover Version on YouTube ?
Yes. But as you are re-creating the original version and Music companies protect their songs by copyrighting them which refrains anyone to use it and make money out of it without the their permission. So if you uploads a cover version in YouTube then there is a possibility that Music Company of that particular album will file a copyright claim on your video. Now you really don't need to worry if you get such strikes. Why ? Let me explain you.
When content owner files copyright claim then there are certain actions which he can take on your content. They are :
1. Take down the content.
OR
2. Share revenue with you
Rather than taking down your content, they usually select second action which is Sharing the revenue. Because its in their own benefit. How ? Suppose your cover version got millions of views & likes then this will in turn increase the popularity of content. And on the other hand if you have monetized your video then the total amount you earn will be divided based on the share and half(or whatever %age of share) will be given to Original content owner.
Conclusion :
As cover versions are trending these days and as soon as a song is published on YouTube, cover versions are published next day. So all music companies share their revenue and nothing else.
I myself has uploaded so many cover versions and also got copyright claims but it didn't affect my channel standing at all and i am still doing it.
My YouTube Channel : https://www.youtube.com/c/SiddharthRajpoot
SO DON'T WORRY AND UPLOAD YOUR COVER SONGS FEARLESSLY :)
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