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youtube transcription copyright question

luniac

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If i were to create and monetize(with ads) a website that features posts containing an embedded/linked to foreign language youtube video at the top, and a translated transcription text underneath, would I be legally allowed to do that if the youtube video is not mine?

Second question:
How much do you think itd cost to get a video such as a 20 minute interview translated and transcripted into english text?
 
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