Music Industry Frets Over YouTube Despite Streaming Revenue Boost

An estimated 900 million nonpaying music consumers on these legal sites resulted in revenue of $634 million last year for the global recorded-music industry, or 4% of global revenue. The world’s 68 million paying music subscribers—up from 41 million subscribers in 2014—generated about $2 billion. The number of on-demand streams on ad-supported, free sites roughly doubled last year in the U.S., and grew 88% in the U.K., the [International Federation of the Phonographic Industry] report said. – Hannah Karp, The Wall Street Journal