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How Youtube Changed the Music Industry

The music business can be very cruel, and most artists do not find it easy to make money. A brief explanation came out recently when the UK industry discovered that artists managed to make more money by selling vinyl in 2016 than getting paid for views on YouTube. BPI data shows that vinyl sales in the UK are growing for the ninth year in a row, with sales of about 3.2 million records and 41.7 million in revenue for publishing houses and artists. By contrast, a music video streaming, dominated by YouTube, made only £ 25.5 million. (more…)