"Today's $8 billion payout is a testament to the fact that the twin engine of ads and subscriptions is firing on all cylinders. This number is not an endpoint; it represents meaningful, sustained progress in our journey to build a long-term home for every artist, songwriter, and publisher on the global stage."
"YouTube reported paying Spotify announced earlier this year that it $6 billion to the music industry in 2022, so it's adding another $1 billion in payments per year, based on this latest mark. For comparison, paid out $10 billion in total to the music industry in 2024, so YouTube is getting close to equaling its contribution."
YouTube paid $8 billion to music rightsholders, driven by revenue from ads and subscriptions. The $8 billion figure denotes sustained progress toward creating a long-term home for artists, songwriters, and publishers globally. Spotify previously reported paying $6 billion to the music industry in 2022 and is adding roughly $1 billion in payments per year based on recent marks. Another platform reported a $10 billion total payout to the music industry in 2024. YouTube's $8 billion payment narrows the gap with that $10 billion level, bringing platform contributions closer together within the music ecosystem.
Read at Social Media Today
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