The music industry is in the midst of a massive job boom and the streaming giant Comcast is on the hook for a whopping $1.3 billion in bonuses and payouts.
Comcast announced Wednesday it was making millions on the music industry’s promotion jobs and that it has an additional $1 billion in payouts in the coming months.
Computers CEO Brian Roberts told investors that the company has earned $1 million in bonuses, bonuses that Comcast will distribute to the musicians it employs and that Comcast expects to make an additional additional $2.5 billion in earnings in the first half of 2019.
The job growth has been especially impressive in the streaming business where Comcast is the third-largest music platform after Spotify and Pandora.
It is expected to generate about $300 million in revenues in 2019, according to a study by Gartner, which is based on data from Nielsen, a unit of the tech giant.
Roberts said the growth of the music business is driven by the popularity of streaming music, a trend that has been gaining traction in recent years.
It’s also the primary reason for the surge in the payouts that Comcast has given out in the last few months, according the company.
The music industry has struggled to attract musicians to its platform because the pay is so low.
It also requires musicians to do extensive background checks, as well as perform certain duties, such as delivering concerts, Roberts said.
The payouts are expected to increase in 2019.
In addition to bonuses, Comcast has also made some significant payouts to artists.
The company has promised $5 million to the music artist in the next three years.
Roberts also said that the new payouts will continue for two more years, with the new bonuses increasing by another $1,500 per year.
The total amount of bonuses and pays out will be $6.7 billion in 2019 and $8.3 in 2020.