YouTube's $1 Billion Royalties Are Not Enough, Says Music Industry (bbc.com)

YouTube said Tuesday that it has paid the music industry over one billion dollars in advertising revenue in the past 12 months. The music industry thinks that sum is not enough. From a report on BBC: "Google has issued more unexplained numbers on what it claims YouTube pays the music industry," said a spokesperson for the global music body, the IFPI. "The announcement gives little reason to celebrate, however. With 800 million music users worldwide, YouTube is generating revenues of just over $1 per user for the entire year. "This pales in comparison to the revenue generated by other services, ranging from Apple to Deezer to Spotify. For example, in 2015 Spotify alone paid record labels some $2bn, equivalent to an estimated $18 per user." In his blog post, Mr Kyncl conceded that the current model was not perfect, arguing: "There is a lot of work that must be done by YouTube and the industry as a whole. "But we are excited to see the momentum," he added.

Comments

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[Anonymous Coward]

Cut out the greedy RIAA pigs and give the money straight to the artist.

Wow...

[Anonymous Coward]

Comparing YouTube to Spotify.. seriously?

How many of Spotify's users are there for music? I'm betting its close to 100%.
How many of YouTube's users are there for music?

I am going to say this just once.

[nitehawk214]

If you give money to the recording industry via bands with recording contracts. You are part of the problem.

Giving those assholes money enables them to feed their greed.