Is YouTube wrecking the music industry – or putting new artists in the spotlight? 

As artists, record labels, music publishers and managers line up to lobby the US Congress and the European Union, it might seem as if YouTube is the worst thing to happen to the music business since Napster in 1999. The streaming service, the aggrieved parties claim, is causing a massive “value gap” that is unsustainable.

Meanwhile, every major artist has a channel on YouTube and wouldn’t dream of releasing a new record without YouTube involved in its launch.

Source: Is YouTube wrecking the music industry – or putting new artists in the spotlight? | Business | The Guardian

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