YouTube

RIAA's Cary Sherman said the new report proves "some technology giants have been enriching themselves at the expense of the people who actually create the music."

"It’s like what the Nazis did during the Second World War," Yorke said. "It’s like what everyone was doing during the war -- stealing the art of other countries."

The New York Post says labels are watching the massive growth of mobile viewing on YouTube while also finding the sums paid out by the site relatively paltry.

The beauty of YouTube is that it's something like a democracy -- the ability for everyday plebeians to find and share music with each other.

YouTube served 57 percent of the total 135.2 billion total streams in the first half of 2015, according to data analyzed by Music Business Worldwide.

YouTube's subscription music streaming service, Music Key, won't be released to the general public until at least September, Google has revealed.

Warner Music Group said that last quarter, the company made more revenue from selling streaming subscriptions than it did from selling music downloads.

Robert Kyncl, head of content and business operations at Google, has dropped the hammer on indie labels that won't play ball with the online giant's new plans.