Fraudulent abuse of copyright law is the name of the game on Youtube and there's nothing creators can do about. Fair Use is increasingly a myth in actual practice thanks to robo take down requests.
15 USC 512 (f) Misrepresentations.—Any person who knowingly materially misrepresents under this section—
(1) that material or activity is infringing, or
(2) that material or activity was removed or disabled by mistake or misidentification
shall be liable for any damages, including costs and attorneys’ fees, incurred by the alleged infringer, by any copyright owner or copyright owner’s authorized licensee, or by a service provider, who is injured by such misrepresentation, as the result of the service provider relying upon such misrepresentation in removing or disabling access to the material or activity claimed to be infringing, or in replacing the removed material or ceasing to disable access to it.
Fraudulent DMCA takedowns needs some severe punishment cases with treble costs, damages and fees or better to send a message that this type of criminal-like behavior won't be tolerated.
I formally attest I did not knowingly commit fraud your honor.
See https://support.google.com/youtube/answer/7002106?hl=en
This is why bad actors are able to liberally steal ad revenue for millions of videos without being punished, often claiming content they don't even own.
DMCA also does not reassign revenue, content ID does that.
Tl;dr Amazon seller filed a false counterfeiting allegation against another seller. A jury found "$4,460 in compensatory damages" and awarded 150k on top of that in punitive, reduced by appeals court to 75k.
Biggest award for false claim of IP infringement I'm aware of. Unfortunately it was in state court and not precedential. And with all the appeals it likely cost them more than 100k to litigate.
I currently have a similar case ongoing, and I know of a few dozen other cases. See e.g:
Argo Holdings, Inc. v. Youngblood Skin Care Products, LLC (0:19-cv-60487)
ABG Prime Group v. Innovative Salon Products (2:17-cv-12280) (settled)
Verbena Products LLC v. Sesderma USA LLC (1:19-cv-23778)
Verbena Products LLC v. Suavecito, Inc. (1:19-cv-24001)
Verbena Products LLC v. Pierre Fabre Dermo-Cosmetique USA, Inc. (1:19-cv-23616)
SZS Solutions, Inc. v. Brother International Corporation (0:17-cv-61942) (settled)
If you add your own copyrighted song to ContentID and add the song to your video, you can copyright claim your own video and prevent others from abusing ContentID to earn money on it.