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YouTube on Thursday announced a key milestone for YouTube Premium and Music, the Google-owned company’s paid services for ad-free access and music streaming: a combined 100 million subscribers.
The benefit of YouTube’s UGC model, he says, is the platform doesn’t have to fork out cash for content upfront. Rather, it pays out ad revenue based on how popular videos are.
Musi’s free music streaming app is a hit with thrifty teens. The app claims to tap content on YouTube, but some in the music industry question the legitimacy of that model.
Tech giant Alphabet’s latest financial results have been published, including the last quarter’s figures for YouTube’s advertising business.
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