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Technology

Brady Snyder

YouTube Music paid out a record $8 billion to the music industry in a year

YouTube Music Spotify

YouTube Music home screen.

What you need to know

YouTube Music paid out a record $8 billion to the music industry in a 12-month period.
It represents major growth for the platform, as it paid out $6 billion and $4 billion in 2022 and 2021, respectively.
YouTube Music still lags behind Spotify in terms of overall payouts, but its per-stream payouts are supposedly higher.

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