Quote:
Originally Posted by Phoenix
For the stolen videos that are up there...that they play ads on...who gets that money ? 
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If the video uses stolen music or is matched to video content in their copyright holders database, the video is often automatically monetized for the benefit of the copyright holder while the uploader can dispute the claim in the meantime.
I've seen this abused heavily. Some of the YouTubers I follow have had bogus copyright claims made against their video while it's racking-up views (and ad money), most win back ownership, but it's never easy and they tend to miss out on revenue because of it.
All-in-all YouTube's still a pretty good place for a content producer to earn a living.