YouTube pays $1 billion to the music bizmain
Tom Pickett, a YouTube vice president, has disclosed at Midem panel that his company, owed by Google, paid more than a billion dollars to the music industry over the ‘last several years.’
That looks like good business for both sides, with reasonable trickle-down for artists. Certainly much better than the Spotify scam.
Small labels, though, are still unhappy.