YouTube Pays Music Industry $1 Billion From Ads (cnet.com)

Posted by msmash on Tuesday December 6, 2016 @06:40AM from the we-do-pay dept.

YouTube, the music industry's enemy No. 1 earlier this year, said Tuesday it has paid more than $1 billion in advertising revenue to artists, labels and publishers in the last 12 months. From a report on CNET: The milestone, released in a blog post by business chief Robert Kyncl, is a stab by Google's giant video site at mending fences with music industry critics. At least, it's YouTube hoping to convince some of them that the massive amount of free, ad-supported music listening that happens there is a valuable complement to music subscriptions, the industry's main area of growth right now.

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Music industry != artists by QuietLagoon · 2016-12-06 06:57 · Score: 5, Interesting

The "music industry" is mostly over-paid execs sitting in ivory towers (some cylindrical), and siphoning off the revenue for their own profits.
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What percentage of that $billion has gone to the artists who perform the songs? Or the writers who write them?