News

YouTube Paid Over $6 Billion to Music Industry in Past 12 Months for Ads

By Masri September 14, 2022

The world’s largest and most used video and music engine, YouTube, paid more than USD 6 billion to the music industry.

The music industry earned this amount in the last one-year tenure (July 21 to June 22). This amount is USD 2 billion more than the same previous period.

Due to the addition of twin ads and subscriptions, the amount will be tripled by 2025. To achieve the goal, YouTube is now monetizing shorts and long video formats, including tracks, live music and other platforms.

YouTube is also expecting watch time to grow on all platforms/devices, including desktops, tablet PCs, smartphones and smart TVs.

Masri

Masri serves as the Chief Content Editor at BestKodiTips. With three years of experience, she excels in creating technical content, focusing on how-to guides, Android and Kodi tutorials, app reviews, and addressing common technological challenges. She ensures to stay abreast of the latest tech updates. Outside of work, Masri finds pleasure in reading books, watching documentaries, and engaging in table tennis.