YouTube has signed a licensing agreement with Vevo
Portal YouTube has extended an agreement with the service Vevo, delivering record video clips on the popular video hosting . As part of the agreement signed Google and Vevo, the first investment will support the musical project.
By estimates of the magazine Billboard, the size of the support will be 40-50 million dollars. Recall that Vevo is a joint venture between the companies Universal Music, Sony Music Entertainment and Abu Dhabi Media Group. The official size of the investment was not disclosed.
"We have made some investment in Vevo", - stated in YouTube. "We are delighted with the prospects that can provide Vevo and YouTube co-user audience." In an industry rumors about the possible investment by Google in the service Vevo have been for the past few months.
Moreover, a year ago, The New York Post reported that Google has agreed with the assessment, according to which the cost of Vevo $ 1 billion, and at this price, the Internet giant will buy shares in the joint venture. Also, a number of sources claim that the social network Facebook, and may invest in vevo certain amount.
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