YouTube says it paid over $6B to the music industry between July 2021 and June 2022, up $2B YoY, and that user generated content drove more than 30% of payouts (Jem Aswad/Variety)

Jem Aswad / Variety:
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019  —  It’s a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …

Jem Aswad / Variety:
US music publishers settle on 15.35% for 2023 to 2027 mechanical streaming rates, avoiding costly legal fights with Amazon, Apple, Google, Pandora, and Spotify  —  The announcement comes as a surprise, as the NMPA has been saying for months that it would push for a 20% rate for the forthcoming period.

Todd Spangler / Variety:
Roku reports Q3 revenue up 12% YoY to $761.4M vs. $694M est., 21.9B streaming hours, and 2.3M streaming accounts added; stock drops 17%+ on weak Q4 guidance  —  Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed …

Sarah Perez / TechCrunch:
Mark Cuban’s interactive streaming app Fireside acquires streaming platform Stremium and plans to launch on smart TVs, Amazon Fire TV, Roku, and other devices  —  Mark Cuban-backed streaming app Fireside, which today offers podcasters and other creators a way to host interactive …

Martin Peers / The Information:
Source: Elon Musk fired top Twitter executives, including CEO Parag Agrawal, “for cause”, in an apparent attempt to avoid severance and unvested stock payouts  —  When Elon Musk terminated four top Twitter executives, including CEO Parag Agrawal and CFO Ned Segal on Thursday …

Todd Spangler / Variety:
YouTube’s Q3 ad revenue dropped 1.9% YoY to $7.07B, below expectations of $7.42B and marking YouTube’s slowest ad growth in at least two years  —  Overall, Alphabet, Google’s parent company, also came in below analyst estimates.  The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.