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A recent study found that YouTube costs Warner Music Group upwards of $40 million per year in lost album sales. The same conclusion could be made about Sony (NYSE: SNE ) and Universal Music Group — the other members of the big three major labels.
YouTube Is Costing Record Labels Millions Of Dollars In Album SalesBusiness Insider
Researchers Claim That Releasing YouTube Music Videos Reduces Album Saleshypebot.com
Study: YouTube Exposure For Top Artists Costs Labels $40 Million In Lost SalesMarketing Land
ReelSEO Online Video NewsBusinessinsider IndiaGeek
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Source: YouTube News Feed From Google News

    

By Zennie Abraham

Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.

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