This just happened to me with a parody video I created. I created all the music from scratch and obviously rewrote all the lyrics. And UMG review my video and said that it was indeed their property. So, I can not run ads against the video, which at this point has probably cost me $500-$1,000. There is nothing I can do right now but wait and hope YouTube changes its mind...

The video:

http://www.youtube.com/watch?v=IJQAnamKeLs

Here is what I see:

These content owners have reviewed your video and confirmed their claims to some or all of its content: Entity: UMPG Publishing Content Type: Musical Composition

These content owners have reviewed your video and agreed with your dispute: Entity: Music Publishing Rights Collecting Society Content Type: Musical Composition

Your dispute is still awaiting a response from these content owners: Entity: Social Media Holdings Content Type: Musical Composition

What should I do?

No action is required on your part. Your video is still available worldwide. In some cases ads may appear next to your video.

What can I do about my video's status? Please note that the video's status can change, if the policies chosen by the content owners change. You may want to check back periodically to see if you have new options available to you.

Please take a few minutes to visit our Help Center section on Policy and Copyright Guidelines, where you can learn more about copyright law and our Content Identification Service.