Youtube Music Payouts Hit 6B in 2022
YouTube’s 12-month payouts to the music industry between July 2021 and June 2022 rose to $6 billion, up 50% from the $4 billion it reported in June of 2021.
- Staff Reporter
YouTube’s 12-month payouts to the music industry between July 2021 and June 2022 rose to $6 billion, up 50% from the $4 billion it reported in June of 2021.
YouTube says it’s on track to surpass Spotify as the top contributor of music industry revenue by 2025. Spotify reported that it had paid musicians and the industry $7 billion in 2021.
“This significant uplift in payments from YouTube through to the wider music industry is very positive news for artists and songwriters in a time of economic uncertainty and rising touring costs,” said Annabella Coldrick, Chief Executive, Music Managers Forum.
However, it has been suggested that YouTube needs to tighten up where their payments are sent. The report included detailed allegations that YouTube’s rights-management system is “full of errors” and “ripe for abuse.”
