Metallica Manager says Youtube is killing the Music Industry

In an Interview with BBC Peter Mensch described Youtube as “The Devil” going so far as to say that if someone doesn’t do something about it,that the Music Industry as we know it is screwed.

Mensch was talking to BBC during their documentary “The Buisness of Music” His comments were backed up by the 2016 International Federation of the Phonographic Industry (IFPI) annual report, which tells of a widening “value gap” between the volume of music consumed on free web services and the amount of revenue they generate for the industry.

The BBC reports that 900 million consumers on sites like YouTube and Soundcloud resulted in revenue of £447m in 2015, while the world’s 68 million paying music subscribers generated about £1.4bn.

You can find out more about the interview over at TeamRock.com




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