YouTube Has Paid Out Over $1 Billion To Music Industry

In a case of apparently never being satisfied, the music industry is still fussy about their relationship with YouTube and monies owed versus content being used.

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While nothing specific has come out of it, according to The NextWeb:

“Tom Pickett, the vice president of YouTube content at Google, revealed at a Midem panel that YouTube has paid out more than a billion dollars to the music industry over the last several years. Pickett defended YouTube’s ad-supported model, which he says leads to other forms of monetization. ‘We’ve paid out to the music industry over the last several years over a billion dollars. So there is money being generated in this ad-supported model,’ he says.”

To sum it up: YouTube’s ad model works, the music business is doing pretty decent despite what they claim, and if YouTube has paid out a billion dollars, how much are they keeping in-house?

I love when these numbers pop out because they always come back to haunt someone later.

Here are more interactions between record labels and YouTube:

Peter Hollens: 4 Things I Learned About Online Music Distribution as an Independent Artist

Fullscreen To Delete Unlicensed Music Videos From Its Creators’ Channels After Legal Settlement

Lyrically Speaking: The Next Big Trend in YouTube Music Videos is Here