YouTube sets new record with $8 Billion paid to musicians and labels

YouTube just dropped its biggest payout ever. Here’s how the platform is reshaping streaming, revenue, and what it means for artists everywhere. YouTube has revealed that it paid over $8 billion to the global music industry in the past year, marking its biggest annual payout to date. That figure includes ad revenue from YouTube’s main platform as well as subscription income from YouTube Music, both of which have seen steady growth in recent years. The company credits this to its dual revenue model, combining ads with paid memberships, and the continued increase of music consumption on the platform. YouTube’s Global…