YouTube says it paid the music industry over $6bn in the past year

YouTube’s Global Head of Music, Lyor Cohen, has announced that YouTube paid music rightsholders over USD $6 billion in the 12 months to end of June 2022. That figure is significant for a number of reasons, not least that it’s a$2 billion increase from the $4 billion contribution to music rightsholders that YouTube said it paid out in the prior-year period (the 12 months to end of June 2021).

Source: YouTube says it paid the music industry over $6bn in the past year – with around $2bn coming from UGC