Home 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.