I found this thread in my search for news of any changes in YouTube's copyright policies in conjunction with the privacy changes.  Coincidentally, I happen to know the poster of this question and can vouch for his character.  Dropping an issue because of YouTube's lack of action is an absurd position to take.

This is an important issue and it should not be ignored.  If monetization is the issue, then a new mechanic should be established to split advertising revenue proportional to content usage.