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YouTube Paid Out $3 Billion to Music Industry Last Year

By
Nick Bastone
· · Source: The Information

YouTube paid $3 billion to the music industry last year from advertisement and subscription revenue, CEO Susan Wojcicki said in a letter on Friday commemorating the video-platform’s 15th year in operation.  The insight comes after last week’s earnings call when Alphabet, Google’s parent company, broke out YouTube’s ad revenues for the first time, showing the service brought in over $15 billion...

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