Online & Digital Media News – YouTube revenue reaches $7B milestone

YouTube revenue jumped last quarter, passing the $7 billion milestone, an increase of 83% from $3.8 billion one year ago. Parent company Alphabet saw overall sales grow to nearly $62 billion from $38 billion, surpassing Wall Street expectations. YouTube’s earnings were on par with Netflix, which recorded revenue of $7.34 billion in the same period, up 19.4% from a year ago. YouTube also reported growth in those streaming its offerings via TV, which went up to 120 million last month, from 100 million year-over-year.

Facebook Canada has signed three more Canadian publishers to its News Innovation pilot program, including the Globe and Mail, Black Press and Glacier Media. As previously announced by Facebook in May, the program already has 14 members, including Le Devoir, The Tyee, Village Media and the SaltWire Network. Under terms of the pilot, Facebook will pay participating publishers for the ability to link to additional news stories not already posted on the platform, which it says will help it experiment with ways to enhance the experience for users looking for trusted Canadian news.

LISTEN: Filmmaker and UBC law professor Joel Bakan is on the latest episode of Broadcast Dialogue – The Podcast talking about why he’s suing Twitter and the Canadian government after promotional posts for his documentary The New Corporation were rejected by the platform for “political,” “sensitive” and “inappropriate” content. We talk with Bakan about corporate power, regulating big tech, and why he thinks Bill C-10 didn’t go far enough.

QYOU Media’s Hindi language youth-oriented channel, The Q India, is now available in over 118 million TV households and to over 676 million users via OTT, mobile and app based platforms in India with the addition of d2h, one of the leading digital DTH service platforms in India. The Q had previously announced a distribution agreement with DISH TV India in April, which grew the channel’s reach to 100 million TV households. With the addition of d2h, and other recently announced partnerships, The Q’s television reach has surged 18% since April. Publicly-traded QYOU has headquarters in Toronto, Los Angeles, and Mumbai.

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