YouTubers are pretty much the rock stars of the Internet, earning millions of views and presumably millions of dollars with every video they make (okay, maybe thousands). And with the number of views that some official music videos get on YouTube, you’d think they were raking it in too. According to the British Phonographic Industry (BPI), that’s not the case for UK music labels, saying that Vinyl is more lucrative than YouTube.
Now that sentence itself just seems ludicrous, though you can take it two ways – it could be the resurgence of vinyl as a viable medium for music sales, or that YouTube is just really not great income for music labels. Apparently part of the issue is how YouTube and its income is regulated in Europe vs how it’s done in the US, and without getting too political, it would seem BPI wants the situation in Europe to change. With the launch of YouTube Red, however, perhaps this will be a more sustainable form of income for the UK music industry.
What do you think about the suggestion that Vinyl is more lucrative than YouTube? Let us know your thoughts in the comments below.
Source: The Guardian via engadget
