Universal, Sony and EMI to start music video store called Vevo

Videos on Vevo will be streamed by YouTube. Vevo is a website for music videos.

"by the Universal Music Group, Sony Music Entertainment and the Abu Dhabi Media Company. Vevo said Monday that it had signed up a third major music label, EMI Music, as a video provider, leaving only one holdout among the big four labels, Warner Music. Vevo said conversations with Warner were continuing."

It is estimated that the site will host 30,000 music videos by the end of the year. Vevo will carry original music videos by artist for their fans. Music companies have licensed their content to many other sites but would like a higher share in the revenue from Ads. Vevo has announced 15 advertising partners.

Found on pcmag

""VEVO offers the value of a powerful, new environment where our artists can showcase their work and create a deeper relationship with fans," said Elio Leoni-Sceti, EMI Music CEO. "It's an exciting entertainment destination for consumers, a tremendous creative medium for artists, and also a great platform for brands." 

Found on cnet


"Don't look for any user-generated content on Vevo, according to Doug Morris, chairman and CEO of Universal Music Group, the man who came up with the idea for the service. He said he wants to offer music fans as well as advertisers a more polished digital stage. That's one of the main reasons the venture was built, to charge advertisers premium rates in exchange for premium content.

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Sociolatte

Sony's New Store

To keep it simple Sony plans to start a store what wouldent just sell, digital music, movies and books. They will try to connect users with each other as reported by an article in BusinessWeek. This service will be called Sony Online Service. So as soon as you buy a TV or a music player. Sony plans to register the user for this service. Which is aimed at creating brand loyalty and more communication within a large network of Sony fans.

So once you register for the service it would be easy for you to share the videos you photos with your friends across the network. They might also be live streaming. These are the kinds of social features they plan to have across the network. Kind of like an iTunes store but with more social features bringing in a community feel. There will be a button to tell you what your friends are watching.

With its huge network of 33 million registered users sony sells downloadable games, TV Shows and Movies.

Future plans include allowing other websites also onto the service. So you could watch a video on Sony Online service and flick the channel and upload it to YouTube.

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Sociolatte