<http://schema.org/articleBody>
"Much has been said about how much or how little music streaming services actually pay artists who host music on their platform, and it seems like video streaming stalwart YouTube also had to take a lot of flak over its payouts for music videos at the Midem music industry show in Cannes this week.\r\n\r\nHowever, Tom Pickett, the vice president of YouTube content at Google,\u00A0revealed at a Midem panel that YouTube has paid out more than a billion dollars to the music industry over the &amp;quot;last several years,&amp;quot;\u00A0Music Ally reports.\r\n\r\nPickett defended YouTube's ad-supported model, which he says leads to other forms of monetization. &amp;quot;We\u2019ve 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,\u201D he says.\r\n\r\nRegarding the potential for a YouTube subscription service, Pickett says we will &amp;quot;have to see.&amp;quot; YouTube was reported\u00A0last year to be in the process of creating a premium on-demand music service.\r\n\r\n\u27A4 YouTube reveals $1bn music payouts, but some labels still unhappy [The Guardian]\r\n\r\nThumbnail image via Rego Korosi/Flickr"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/google/2014/02/03/youtube-exec-weve-paid-out-over-1-billion-to-the-music-industry-over-the-last-several-years/?_escaped_fragment_=uihFX>