Pin Itemailprint 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 [...]
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. [...]
