YouTube is coming under fire for its music streaming, but it pays US1 billion a year in royalties. Photo: Patrick T. Fallon/Bloomberg

Why record labels are so angry with YouTube for underpaying on royalties for music video streaming

Video-sharing website accounts for 25 per cent of global music streaming traffic. Record companies believe it doesn’t pay enough in royalties and are trying to force YouTube to change

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YouTube is coming under fire for its music streaming, but it pays US1 billion a year in royalties. Photo: Patrick T. Fallon/Bloomberg
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