Yesterday saw consternation across the blogosphere as YouTube’s website disappeared due to ‘technical issues’. The problem was solved fairly quickly, but Billboard has been crunching some numbers to figure out how much such an outage cost the major labels. The answer: not that much, really. Based on estimates of 29.3 million views a day for the four majors’ YouTube videos, monetised at a rate of 0.65 cents per stream, they’re making around $8,000 an hour between them from the video site. That number is actually more interesting than the outage itself.
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