YouTube Says it Paid the Music Industry More Than $3 Billion Last Year

YouTube says it paid the music industry more than $3 billion last year. “YouTube offers twin engines for revenue with advertising and subscribers, paying out more than $3 billion to the music industry last year from ads and subscriptions,” YouTube CEO Susan Wojcicki wrote in a blog post Friday. From a report: The latest figure hints at how much of the Alphabet-owned company’s ad revenue goes back to music industry and creators. The data has been largely unknown to investors who have wondered how much money the company is actually pocketing at the end of the day.