Do I have to control the rights on the recording ("Master rights") to monetize songs on YouTube?

Related articles

• When does an ad generate revenue on YouTube?
• Minimum duration accepted by YouTube Audio Content ID
• Do I Need To Be Signed With A Label To Get My Videos On VEVO?
• Does my song need to have been released commercially on iTunes or other platforms?
• Do I have to control the rights on the lyrics and melody ("Composition") for monetizing a song on YouTube?