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...Vevo’s advertising sales grew 30 per cent last year as marketers flocked to slickly produced pop star videos, which draw views in the billions....
...Close to 100m Americans watch 1bn hours of videos on Vevo every month, analysts estimate. Seventy per cent of Vevo users are below age 34....
...Spotify also faces fierce competition from its larger rivals, for which music is “a rounding error”, says Erik Huggers, chief executive of Vevo, the music video site....
...However, Warner Music’s videos will still not be distributed on Vevo’s YouTube pages, in the latest sign that Vevo is seeking to become more independent of the streaming company that has hosted the majority...
...UMG and Sony Music each own more than 40 per cent of Vevo. Google’s YouTube video site and Abu Dhabi Media Company also own small stakes. Vevo declined to comment on the fundraising....
...Meanwhile Amazon and Vevo are also preparing their own paid streaming services, adding to competition from Deezer, SoundCloud, Tidal and Google Play....
...You Tube says it pays half of its advertising revenues to partners — such as Vevo or Warner Music — which provide video content for the site and pays out $3bn to the global music industry each year. ”We...
...DreamWorks Animation last year acquired Awesomeness TV, a YouTube channel for younger viewers, and has also been linked with a bid for Vevo, the online music channel....
...Since it was founded in 2009, Vevo has paid more than $200m to rights holders....
...Yet Vevo (which offers more than 75,000 such videos as well as a TV-like channel featuring longer programming) has attracted much less buzz than Hulu. One reason is Vevo’s complex ownership....
...It still accounts for much more traffic to music videos than Vevo’s own site....
...Vevo, the music video site, has paid the industry $200m since 2009, and Pandora spent $182m on content in the first nine months of 2012, up 80 per cent....
...Vevo, Universal and Sony declined to comment....
...More established digital companies in dealmaking mode include Vevo, the music video site that has hired Allen & Co to find funds for its international expansion and must renegotiate a distribution deal with...
...Vevo, the labels’ music video venture with Google, has given them an income stream and a measure of control over online content....
..., said Ed Borgerding, chief executive of ADMC, which has a 10 per cent stake in Vevo....
...Google has collaborated with Vivendi’s Universal Music Group to launch Vevo, an online music destination, by the end of this year....
...Vevo is expected to launch this autumn....
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