EMI joins Universal-backed music video site Vevo

Dec 07, 2009 By RYAN NAKASHIMA , AP Business Writer

(AP) -- Music videos from Norah Jones, Coldplay, Katy Perry and other artists under EMI Group PLC are headed to an online music video venture, Vevo, set to launch Tuesday with a gala in New York.

EMI's videos on Vevo will join content from Universal Group, which holds the largest stake in the new venture. is also an equity partner along with Abu Dhabi Media Co., an arm of the Abu Dhabi government.

EMI, which is based in London, will not take a stake in the company.

Discussions continue with Corp., the only major recording company not yet involved with Vevo. Warner Music has been separately developing its own artist-branded video channels on YouTube.

Faced with declining sales of compact discs, recording companies are experimenting with new ways of distributing their music online through ventures such as Vevo. It will show videos for free, supported by ads.

Such deals are not exclusive, however. Last month, EMI became the only major recording company to put its on , which primarily carries television shows and movies.

Vevo launches Tuesday as both a Web site and an embedded video player that will replace Universal, Sony and EMI videos now available on Inc.'s video site YouTube.

Over the next year, as current licensing deals expire, Vevo's player will gradually replace online videos that are on artist Web sites and other online destinations such as AOL.

The recording companies, led by Universal, a unit of France's Vivendi SA, are seeking to gain a greater share of advertising revenue from music videos than is currently generated on sites such as YouTube.

They also seek to separate professionally produced content from the user-generated fare on YouTube, while better matching advertisers with a youthful demographic.

will receive a fee for providing Vevo with technology, but will not share in advertising revenue.

Vevo has hired its own ad sales team and is led by CEO Rio Caraeff, a Universal digital strategy executive. About 20 advertisers have signed on, including McDonald's Corp., MasterCard Inc., Unilever PLC and Nissan Motor Co.'s Infiniti brand of luxury cars.

The Vevo Web site and player will also have links to allow viewers to buy songs from Amazon.com or Apple Inc.'s iTunes. Links to artist merchandise will point to Bravado, Universal's online retailing company.

On the Net: http://vevo.com

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

Explore further: WhatsApp says it now has half billion users

add to favorites email to friend print save as pdf

Related Stories

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.

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.

MySpace Music videos to appear on Facebook

Oct 21, 2009

(AP) -- Social-networking site MySpace is using its joint venture with recording companies to launch a music video service that will pop into millions of profiles at rival Facebook as well.

EMI music videos, concerts coming to Hulu.com

Nov 18, 2009

EMI Music announced Wednesday it will offer free music videos and concerts on Hulu.com, making it the first major label to strike a deal with the increasingly popular US-based online video site.

Recommended for you

Amazon Prime wins streaming deal with HBO

9 hours ago

Amazon scored a deal Wednesday to distribute old shows from premium cable TV channel HBO to its monthly Prime subscribers, landing a blow on rival Netflix in the streaming video battle.

LinkedIn to anchor new San Francisco high-rise

19 hours ago

San Francisco Mayor Ed Lee says the professional networking site LinkedIn will expand its presence in the city by anchoring a high-rise office building under construction.

User comments : 0

More news stories

Is nuclear power the only way to avoid geoengineering?

"I think one can argue that if we were to follow a strong nuclear energy pathway—as well as doing everything else that we can—then we can solve the climate problem without doing geoengineering." So says Tom Wigley, one ...

US urged to drop India WTO case on solar

Environmentalists Wednesday urged the United States to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change.