YouTube Says It Has Paid $4 Billion to Music Industry In Last 12 Months

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YouTube Says It Has Paid $4 Billion to Music Industry In Last 12 Months
France Dernières Nouvelles,France Actualités

YouTube has paid more than $4 billion to the music industry in the past 12 months, according to a letter sent by Lyor Cohen, the streaming video service’s top music executive. That $4 billion…

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He also added that YouTube Music added more new subscribers in Q1 2021 than in any other quarter since it launched, although he did not provide an overall subscriber figure.

“I’ve seen this industry evolve from an audio business, to an audio-visual business, and now – as my friend Chuck D puts it – to a visual-audio business,” the former Def Jam and Warner Music executive added in his letter. “As a visual-audio platform, our goal is to become the leading revenue generator for the music industry and to help artists around the world build a career making music.

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How about musicians?

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