Shira Ovide and Leila Abboud, writing for Bloomberg, on the music industry’s love/hate relationship with YouTube:
More than half of Internet users in the U.S. listen to music on YouTube — by far the most popular access point — but YouTube is responsible for only 4 percent of revenue to the industry, according to a music industry trade group. The biggest record labels say Google should pay more, and they want more control over music that is responsible for what Bernstein Research estimated is one-quarter of all YouTube videos watched.