Lyor Cohen: Artists, Labels Are ‘Stoked’ About YouTube Music

Lyor Cohen attends the Gucci X Artsy dinner at Faena Hotel on December 6, 2017 in Miami Beach, Florida. (Photo by Jared Siskin/Patrick McMullan via Getty Images)

Despite the fact that YouTube is the world’s most popular destination for consuming music, the Google-backed streaming giant has long been something of a punching bag within the industry. Artists and labels have often decried the service’s royalty rates, typically far lower than those offered by Spotify or Apple Music; YouTube’s defe...