YouTube, the music industry’s enemy No. 1 earlier this year, said Tuesday it has paid more than $1 billion in advertising revenue to artists, labels and publishers in the last 12 months. From a report on CNET: The milestone, released in a blog post by business chief Robert Kyncl, is a stab by Google’s giant video site at mending fences with music industry critics. At least, it’s YouTube hoping to convince some of them that the massive amount of free, ad-supported music listening that happens there is a valuable complement to music subscriptions, the industry’s main area of growth right now.

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Source: Slashdot – YouTube Pays Music Industry Billion From Ads