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YouTube criticised for poor contribution to musicians

The BPI, a record labels' association which promotes British music, has published its Music Market 2016 yearbook, a guide to the UK recorded music industry in numbers. While music consumption based on 'album equivalent sales' (AES) rose by 3.7% – a figure which increases to 12.9% if including streaming of music videos – total industry revenues including performance rights grew by only 0.6% in 2015, with income from sales and streaming of recorded music, including the share that can be passed on to artists, dipping by 0.9% to £688 million. "The disparity between consumption and revenues is explained by pure ad-supported platforms, in which YouTube is the dominant player, contributing a meagre 4% – just £24.4 million – to this total, despite increasing by 88% year-on-year to represent nearly a fifth of total music consumption. This stands in stark contrast to the £146.1 million that audio streaming services (such as Spotify and Deezer), contributed to artists and labels from a similar number of streams." Read More

  • Tuesday, 24 May 2016

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