London
07 December 2016
Reporter: Barney Dixon
YouTube’s $1 billion not a reason to celebrate, says IFPI
The International Federation of the Phonographic Industry (IFPI) has poured scorn on YouTube’s claim that it the $1 billion it had paid to the music industry over the past year is sufficient.

In a blog post on 6 December, YouTube claimed that it had paid the sum from advertising alone, “demonstrating that multiple experiences and models are succeeding alongside each other”.

“Even as music subscriptions have been growing faster than any other subscription type, advertising is another powerful driver of revenue.”

But IFPI said that this figure was “unexplained” and gives “little reason to celebrate”.

It said: “With 800 million music users worldwide, YouTube is generating revenues of just over $1 per user for the entire year.”

“This pales in comparison to the revenue generated by other services, ranging from Apple to Deezer to Spotify. For example, in 2015 Spotify alone paid record labels some $2 billion, equivalent to an estimated $18 per user.”

IFPI argued that YouTube, despite being the world’s largest on-demand music service, is not paying artists and producers a fair rate for their music.

“This highlights more than ever the need for legislative action to address the ‘value gap’ that is denying music rights holders a fair return for their work.”

More Industry news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Dark web marketplace AlphaBay shut down
21 July 2017 | Washington DC | Reporter: Barney Dixon
The US government has seized AlphaBay, the largest online ‘dark market’ that was used by hundreds of thousands of people to trade illegal goods
CIPU partners with Tusher for IP education
18 July 2017 | New York | Reporter: Barney Dixon
The Center for Intellectual Property Understanding has partnered with the Tusher Center for the Management of Intellectual Capital to further promote public IP awareness
Entrupy secures $2.6 million in funding
18 July 2017 | New York | Reporter: Barney Dixon
Software company Entrupy has secured $2.6 million in funding for its artificial intelligence-driven counterfeit protection technology
ICC calls on UN members to fight counterfeiting and piracy
10 July 2017 | Geneva | Reporter: Mark Dugdale
The International Chamber of Commerce has asked UN member states to do more to protect consumers from the health and safety risks posed by counterfeits and pirated goods
UKIPO releases IP Act guidance
03 July 2017 | London | Reporter: Barney Dixon
The UK Intellectual Property Office has issued business guidance on the recently passed IP (Unjustified Threats) Act
Google hit with €2.42 billion EU antitrust fine
27 June 2017 | Brussels | Reporter: Barney Dixon
The European Commission ruled the company had abused its power by giving an advantage to its own products and services in Google search results
Matal named acting head of USPTO
08 June 2017 | Washington DC | Reporter: Barney Dixon
Associate solicitor Joseph Matal has been named as acting under secretary of commerce for intellectual property and director of the USPTO