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ExtraTorrent.cc > Articles > YouTube Paid out $1bn to Music Industry

YouTube Paid out $1bn to Music Industry

YouTube Paid out $1bn to Music Industry

Added: Friday, February 7th, 2014
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
Music videos turned out to account for more than 1/3 of all views on YouTube, making it the world’s biggest music streaming service. YouTube confirmed that the company has paid out to the music industry over the last several years more than a billion dollars. However, musicians, independent labels and industry bodies alike still like neither YouTube nor Google, its parent company.
bc7e44ef-f5c0-4136-9127-c606d04590d3-460x276.jpeg

Well, everyone understands the cause of friction between YouTube and the entertainment industry. However, it should be noted that there are many ways the two parties are cooperating – for example, YouTube helps record labels to identify user-generated videos which use their music and make money from them. There is also such thing as Google Play music subscription service.

Industry experts pointed out that even UK music outfit BPI, which has been criticizing Google over the high rankings for piracy websites on its search results, has already created its own YouTube channel in order to promote UK music. Still, the music industry has doubts in YouTube’s commitment to music and wonders why the latter doesn’t pay even more to labels and publishers.

BPI compared YouTube unflatteringly to such streaming music services as Spotify and Deezer. As you know, those mix advertising-funded free streaming with premium subscription tiers. Apparently, YouTube is supposed to do the same. In the meantime, other music portals agree, calling YouTube “the most important legal pirate”. Spotify, for example, has recently contrasted its own average payout of $6,000 per million streams to the $3,000 per million streams paid out by YouTube.

On the other part, YouTube also has defenders in the music industry, including independent labels, which claimed that YouTube remains a top 5 revenue source at the moment and is going up. In the meantime, some of the multi-channel networks who help artists make a living suggest that increasing payouts means cleverer use of Google’s service, not just demanding higher per-stream rates. They explain that the music world has changed and its members should understand that. Today, for every piece of content an artist releases, there should be 7 other pieces to support that. Others believe that YouTube is not a right place to make money at the moment, but only because people representing the content fail to understand the marketplace.

Some of the industry’s concerns about YouTube are connected with their arguments with Google over its copyright policies. They ask what the streaming service is doing about “stream-ripping” apps which allow to convert videos into MP3 downloads. BPI confirmed that they have been asking YouTube to deal with that problem for many years, but it still act as a free download service. Their efforts to persuade Google to downgrade piracy portals in its search results also continue.


By:
SaM

Posted by: 
SaM

Date:  Friday, February 7th, 2014



Comments (14) (please add your comment »)

1
posted by Blocked (2014-02-07 15:53:32)
LazyPirate avatarThe original artist will get a small amount of this As the Record Companies are too much greedy..

2
posted by (2014-02-07 17:01:04)
The_Ritty avatarsomehow...this is all Prince's fault lol

3
posted by (2014-02-08 06:33:43)
bubfred72 avatarWow, I guess Rick Astley got half of that 1 billion! Thanks Sam

4
posted by Blocked (2014-02-08 14:38:09)
Ap3x avatarits not like the music industry provides anything similar to youtube. if they want to complain, then they should provide a music streaming service themselves. they create the music videos and then want to sue everything and everybody they can for listening to it or watching the videos....and then they walk the red carpet and pretend to be gods

5
posted by (2014-02-08 20:02:37)
No avatarits called greed sigh !!!!.

6
posted by Site FriendKittymen (2014-02-09 02:17:46)
npsl013 avatarI wish the pop music wasn't all about greedy corpos... well, the only right way is to support local artists, I guess...

7
posted by (2014-02-09 10:08:49)
saffie avatarregardless of how cosy the entertainment industry and Goggle/you tube are ..... technically its still piracy and yet none of the powers that be are demanding that the service be shut down ....I can use a downloder and get a video from youtube but not from extratorrent ???? hmmmmmm

8
posted by Blocked (2014-02-09 13:51:31)
KiTTeN_KiTTeN avatarOur dedicated group of DDOS attackers is growing each day! We will DDOS this site to death until our demands are met!!! This site needs a full enema! The staff are useless! Our group will DDOS this site until OBSCENE is reinstated to SA! The BEST SA this site ever had! That is DEMAND 1. We have sent our demands to the site owner! He will cave in soon! ET will be brought back to greatness shortly!

9
posted by (2014-02-12 14:00:52)
rebornawareness avatarConsidering the Music industry is rampant with brainwashing, subliminal messages, culture creation, immorality and satanism, as well as illuminatti symbols, and many of the most famous singers are merely mind controlled slaves with multiple personalities, serving the whims of the elites, who can sympathize with them at all. A bunch of evil sons of B's. If you have no clue what I'm talking about no biggie. There's dozens of book and hundreds of videos and documentaries, many available on Youtube, confirming everything I've said. They can all go to hell and the world would be a better place, and that's a fact.(maybe it ALL... lol.. but lots of em)

10
posted by (2014-02-13 18:52:56)
No avatar^^^ Bahahahahahahahaha there's dozens of books and videos out there to support any type conspiracy theory, religion included. But still, good laugh.....

11
posted by Blocked (2014-02-14 14:27:38)
RLH avatargreed sigh

12
posted by ET junkieTurtle (2014-02-15 16:29:34)
Shooter96 avatarAt least they FAILED to pay for a slob whale named Michael Green aka KidBehindACamera.

13
posted by (2014-02-16 18:34:46)
No avatarIf Jews own Youtube and the music industry (and they do) it's just more money going into their own pockets since they print the money anyway as a private corporation.

14
posted by ET junkieET loverSupermanmen (2014-02-19 19:08:58)
sn3h1t87 avatarIt's all well and good the music industry moaning and whine about these problems, but they've not come up with a single workable solution since the .mp3 first appeared.
BPI - this question is for you. How you stop stream ripping? Please enlighten us all, given that you couldn't even solve tape-to-tape copying all those years ago.
Rather than blaming Google and co, the music industry should be looking at themselves. Their business model is failing due to their heavy-handedness, and lack of positive actions over the last 20 years.



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