Technology

YouTube Says It Paid $4 Billion To Music Industry During Past 12 Months

Technology

YouTube Says It Paid $4 Billion To Music Industry During Past 12 Months

A few months after the Swedish audio streaming company’s CEO Daniel Ek announced Spotify paid $5 billion to the music industry in 2020, rival YouTube’s global head of music Lyor Cohen today said the platform put more than $4 billion in the pockets of artists, songwriters, and rights-holders during the past 12 months. In a June 2 letter shared with the music industry.

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