YouTube will no longer share its music data with Billboard, citing objections to how the publication weights streams when calculating its U.S. music charts. Set to go into effect next month, the change means Billboard 's charts won't be able to take YouTube's music streaming data into account at all.

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Over the last few decades, the music business has been rocked to its core several times. In fact, there have been times when there were many well-informed observers and experts who openly worried that the industry could cease to exist as it was known.

YouTube is pulling its data from Billboard for use in the publisher’s industry-leading U.S. music charts. The decision is in response to a recent change Billboard made to its ranking formula, which continues to add more weight to paid, on-demand streaming compared with ad-supported, free streaming.

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Lyor Cohen, the company's global head of music, argued that Billboard's formula for the charts doesn't put enough weight on ad-supported streams.

The change, which YouTube says will take effect in January, will mean that YouTube withdraws its data from all of Billboard's U.S. and global charts.

Moving the Oscars from ABC to the internet is hugely symbolic. That doesn't mean that a huge audience will follow.