Google says YouTube alone has paid more than $3bn to music industry

Nutshell:

Google’s piracy update says that YouTube has paid out $2 billion to rights holders since it first launched. It also says it has paid out more than $3 billion to the music industry.

More:

Google’s Content ID system, used to protect against infringement and unauthorized uploading of copyrighted works, now monetizes around 90 percent of all its identified content – and that 95 percent of the claims that would be eligible by record companies are forfeited for┬áthe cash instead.

The company also said it has paid out more than $7 billion to developers on the Google Play Store.

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