YouTube Music is one of the most popular streaming apps out there. In the latest news, YouTube has shared that it paid over $8 billion to the global music industry between July 2024 and July 2025. The company says that it is able to achieve this milestone because of its advertising and subscription revenue.
YouTube pays record-breaking $8 billion to the music industry
YouTube reveals that the $8 billion payout marks its highest annual contribution to the music industry so far. It’s a significant jump from last year’s figures, when the company paid $6 billion, and an even bigger leap from 2021-22’s $4 billion payout. The increasing payout confirms the rapid growth of YouTube’s music business.
YouTube’s Global Head of Music, Lyor Cohen, adds that “Today’s $8 billion payout is a testament to the fact that the twin engine of ads and subscriptions is firing on all cylinders. This number is not an endpoint; it represents meaningful, sustained progress in our journey to build a long-term home for every artist, songwriter, and publisher on the global stage.”
The official announced the update first during Billboard Latin Music Week, calling it a sign of continued progress and stronger support for creators across the world.
YouTube bestows the credit upon the creators
YouTube credits its growth to a “twin-engine” system that combines the revenue from its paid subscriptions and advertisements. The platform now has more than 125 million Music and Premium subscribers, including trial users. The tech giant also credits the creators for their outstanding performances.
The whole music industry seems to be going uphill. Recently, Spotify announced it distributed $10 billion to the music industry in 2024, up from $9 billion the year before. YouTube Music is currently accessible in more than 100 countries and supports 80 languages. Google aims to make YouTube the most accessible and rewarding platform for creators across the globe.
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