YouTube Has A Music Industry Problem

Cirullo - Il Fatto Digitale da Business Insider

The Guardian reports on simmering anger within the music industry at YouTube, which music industry players view as a kind of poor man’s Spotify: a place where people can easily go and stream music videos and listen to music for free. The problem is that the music industry doesn’t believe it’s sharing in the spoils. They say that YouTube pays out only about half of what streaming music apps like Spotify pay out in music rights fees. YouTube has shot back that it has paid out over $1 billion to the music industry in the last few years, but that was not enough to quell anger at Midem, a music industry conference held in Cannes this week.

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Source: BusinessInsider.com

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