YouTube has paid out over $6bn to the music industry, according to a new Google report.
In a new report by parent company Google, YouTube has claimed that it has paid out over $6bn (£4.56bn) to music rights-holders to date. In Google’s recently published ‘How Google Fights Piracy’ report, it also reveals that in the past 12 months up to September 2018, it has paid out $1.8bn (£1.37bn) to music rights-holders in ad revenue.
Google has released the report to combat growing concerns surrounding artist remuneration from user-generated content and the implications of Article 13’s European Copyright Directive.
Also revealed in the report, Google highlighted the $3bn (£2.29bn) which has been paid to rightsholders who have used Content ID, to monetise the use of their content in other videos. With close to 9,000 partners using Content ID, including broadcasters, publishers and labels, Google has reportedly invested over $100m (£76.3m) in the system.
“We invest significantly in the technology, tools and resources that prevent copyright infringement on our platforms. We also work with others across the industry on efforts to combat piracy,” stated the report.
According to a report from The Independent in September, a third of 16-24 year olds in the UK have illegally ripped music from YouTube for personal or monetised use. Since launching its submission tool for copyright owners and their agents, YouTube reports having removed over 3 billion URLs that infringed copyright.