VEVO, the YouTube for music videos, has landed a big investor. Abu Dhabi Media Company has purchased a stake in the venture from owners Universal Music and Sony.
The details haven’t been made public, but sources indicate that the joint venture is now valued at about $300 million. YouTube will end up sharing some of the [...]
Exciting new things are happening in YouTube-land.
The company has just announced that it has formed a new, jointly-owned site from the YouTube and Universal Music Group called Vevo.
With a launch coming soon, Vevo will work in conjunction with YouTube as a “new VEVO channel through a special VEVO branded embedded player,” says AllThingsD.
Peter Kafka states [...]
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