Fairness Rocks News YouTube’s ads business is now bigger than the entire global record business


Fairness Rocks News YouTube’s ads business is now bigger than the entire global record business

Home Industry News YouTube’s ads business is now bigger than the entire global record business

Author: Tim Ingham

Date: November 2, 2021

Original Source: Music Business Worldwide

Industry News

YouTube’s ads business is now bigger than the entire global record business

Obviously, the major music companies are doing very well for themselves.

Warner Music Group has seen a $10bn growth in its valuation over the past 12 months. Sony Music just confirmed that it saw a 33% year-on-year rise in streaming revenues in calendar Q3 this year. And Universal Music Group is looking on course for a whopping $2 billion EBITDA profit margin in 2021.

Read More: https://www.musicbusinessworldwide.com/youtubes-ads-business-is-now-bigger-than-the-entire-global-record-business2/