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YouTube’s One Billion Dollar Payout To Music Industry

It was revealed by the VP of YouTube content at Google on Sunday that the streaming platform has paid out more than a billion dollars “over the last several years” to the music industry. Tom Pickett said “We are very much into music.” As is the rest of the world, Pickett. He defended YouTube's ad-supported model, going on to say “we’ve paid out to the music industry over the last several years over a billion dollars. So there is money being generated in this ad-supported model.”

So what's next for the content streaming monster? “We will have to see,” says Pickett, regarding a YouTube subscription service, which was rumored to be in the works last year.

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