Friday, 30 November 2012

Vevo pays up

Music video service VEVO has paid over $200 million to rights owners since being set up in 2009 according to head honcho Rio Caraeff, speaking at the Business Insider conference in New York this week. Although co-owned by Sony Music and Universal Music, VEVO licences content from a wide range of labels and publishers, sharing ad revenues with its content partners.

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