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Universal Music seeing ‘tens of millions’ from YouTube
YouTube’s traffic machine may finally be turning into a cash machine

For the first time, there are signs that YouTube is driving significant revenue for itself and some of the video site’s partners. In an interview with CNET News this week, Rio Caraeff, executive vice president of Universal Music Group’s eLabs, said the largest of the top recording companies is bringing in "tens of millions of dollars" from YouTube.

Eccolo qua il busines. Al volo:

Universal Music seeing ‘tens of millions’ from YouTube
YouTube’s traffic machine may finally be turning into a cash machine

For the first time, there are signs that YouTube is driving significant revenue for itself and some of the video site’s partners. In an interview with CNET News this week, Rio Caraeff, executive vice president of Universal Music Group’s eLabs, said the largest of the top recording companies is bringing in "tens of millions of dollars" from YouTube.