YouTube paid $8B to the music industry in 12 months

YouTube has paid more than $8 billion to the music industry in the 12 months between July 2024 and July 202, the company announced on Thursday.

“Today’s $8 billion is a testament to the fact that the twin engines and subscriptions are firing on all cylinders,” said Youtube Global Music, “said YouTube Global Music, in a statement. “These numbers are not the ends; making meaningful, continuous progress on our journey to build a long-term home for every artist, songwriter, and publisher on the global stage.”

Cohen first announced the true milestone during the conversation Billboard Latin Music Week on Wednesday.

Muncton Marks a new record for the platform, as YouTube’s annual music industry will increase to $ 2 billion from 2022, when the company reported Contribution of $ 6 Billion In profits for the music industry between July 2021 and June 2022. A year earlier, in 2021, YouTube announced that it had paid $4 billion to the industry in 12 months.

Thursday’s announcement comes as Spotify announced earlier this year paid $10 billion to the music industry in 2024. The company sent $ 9 billion in 2023. It should be noted that the artist does not receive all the money – so it may go to labels, publishers, others.

YouTube said that it sees the momentum of the twin income model, which is no more than 1255 million music and global premium violations, including users in the trial. The company also said it has two logo viewers who watch music videos every month.

“As the Platform’s global footprint continues to expand, so does the potential for artists and supporters to build lasting and lasting music careers on YouTube,” the Company said in a statement. Blog PostSee rank-.

YouTube is available in more than 100 countries and supports 80 languages.

The company made the announcement last month at a paid YouTube event More than $100 billion For creators, artists, and media companies in the last four years.