Sony becomes 2nd label on Vevo music video site

Jun 04, 2009

(AP) -- Recording company Sony Music Entertainment has joined Vevo, an online music video site due to launch this year with the backing of Universal Music Group and YouTube.

The unit of Sony Corp. will take an equity stake in the venture. The other two major recording companies, Corp. and EMI Group PLC, are also in talks on joining.

The service will operate at Vevo.com and have its own channel on Google's YouTube, which will share ad revenue with the music labels. Plans are in the works to offer song downloads, merchandise and concert tickets.

It's one of many ways that recording labels, faced with declining sales of compact discs, are experimenting with new ways of distributing their music online.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Britain's UKIP issues online rules after gaffes

add to favorites email to friend print save as pdf

Related Stories

YouTube, Universal Music Group form music venture

Apr 09, 2009

(AP) -- YouTube and Universal Music Group are teaming up on an online music video venture that will launch later this year with Universal's entire catalog of nearly 10,000 music videos.

Google, music labels launch China download service

Mar 30, 2009

(AP) -- Google Inc. and major music companies launched a free Internet music download service for China on Monday in a bid to help turn a field dominated by pirates into a profitable, legitimate business.

Spaniard sued for music file-sharing networks

May 19, 2009

(AP) -- Recording companies went to court Tuesday claiming euro13 million ($17.5 million) from a Spaniard they accuse of profiting from computer programs he designed to allow free music downloads over the Internet.

Jobs Says Apple Customers Not into Renting Music

Apr 27, 2007

Apple Chief Executive Steve Jobs indicates he is unlikely to give in to calls from the music industry to add a subscription-based model to Apple's wildly popular iTunes online music store.

Last.fm Wants to Become the Web's MTV

May 10, 2007

Online social music site Last.fm is moving into the video realm, adding music videos with a goal of providing every video ever made.

Recommended for you

Britain's UKIP issues online rules after gaffes

6 hours ago

UK Independence Party (UKIP), the British anti-European Union party, has ordered a crackdown on the use of social media by supporters and members following a series of controversies.

Sony saga blends foreign intrigue, star wattage

6 hours ago

The hackers who hit Sony Pictures Entertainment days before Thanksgiving crippled the network, stole gigabytes of data and spilled into public view unreleased films and reams of private and sometimes embarrassing ...

Digital dilemma: How will US respond to Sony hack?

Dec 18, 2014

The detective work blaming North Korea for the Sony hacker break-in appears so far to be largely circumstantial, The Associated Press has learned. The dramatic conclusion of a Korean role is based on subtle ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.