Music Industry News – YT Partner Program Channels Doubled, Apple Services Revenue Up, LMAC & More!



In a letter to the YouTube community, CEO Susan Wojcicki stated that, over the last three years, YouTube has paid out more than $30 billion to creators, artists, and media companies. More creators are also gaining the ability to monetize, with the number of channels joining the YouTube Partner Program in 2020 having doubled over the previous year.

The services division at Apple hit a record quarterly revenue high of nearly $15.8 billion, up 24% from the $12.7 billion it brought in during the same period a year earlier. The group specifically consists of services like Apple Music, Apple TV+, iCloud, App Store, and other software products, and it is the second-largest division behind iPhones.

A newly formed acquisition company, Liberty Media Acquisition Corporation (LMAC), raised $575 million in its IPO in the US last week. A press release by the company stated that LMAC “intends to search for a target in the media, digital media, music, entertainment, communications, telecommunications, and technology industries”. Will the next target acquisition be a music company, and if so, who will it be?

Exploration: https://exploration.io/exploration-weekly-yt-partner-program-channels-doubled-in-2020-apple-services-quarterly-revenue-up-24-will-lmac-acquire-a-music-company-next/

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#YTPartnerProgram #AppleRevenueUp #LMAC #Exploration #MusicIndustryNews

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