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Exploration is a digital rights administration company assisting copyright owners in compiling the information needed to get paid by the platforms that are obligated to pay them. We work with parties to maximize efficiency and profitability and are proud to enjoy great relationships with all.
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Friday Oct 29, 2021
Friday Oct 29, 2021
YouTube hit $7.2 billion in advertising revenue during Q3, close to surpassing Netflix’s reported advertising revenue of $7.5 billion in the same quarter. Google Advertising increased roughly by 5% in Q3 compared to last quarter.
According to a report published by CISAC, global music royalty collections dropped 10.7% in 2020 due to the pandemic, declining to a pre-2017 level of approximately $9.3 billion. Digital collections, on the other hand, were up by 16.2% in 2020. It surpassed live and background for the first time to become the second largest income stream.
In Spotify’s latest financial results for Q3 2021, global Premium subscribers grew to 172 million, up 19% year-on-year. The company’s total global Monthly Active Users (MAUs) also grew 19% year-on-year in the quarter.
Exploration: https://exploration.io/exploration-weekly-youtube-ad-revenue-hits-7-2b-global-royalties-collections-drops-10-7-in-2020-spotify-reaches-172m-subscribers-in-q3/
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#YouTubeAdRevenue #GlobalRoyalties #Spotify #MusicIndustryNews #ExplorationWeekly
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