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YouTube paid over $1 bln to musicians

YouTube paid over $1 bln to musiciansYouTube predicts the music industry will generate even more revenue from ads in the future.

Video hosting service has paid out over $1 billion to the music industry from advertising alone in the last 12 months, according to the official blog post.

The company noted the industry started growing again with revenues increasing due to advertising.

YouTube expects more revenues from ads in the future as it forecasts bigger shift from TV, radio and print to online services.

"In the future, the music business has an opportunity to look a lot like television, where subscriptions and advertising contribute roughly equal amounts of revenue, bolstered by digital and physical sales," statement reads.



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