Video host YouTube and Universal Music Group are talking about creating the joint Internet portal for music video publications called Vevo, said The Wall Street Journal. A lot of You Tube fans hope that eventually their quality will improve because it’s current state wishes to be better. Right now there are millions of similar web sites and many of them are way more enhanced than YouTube, even though they were the first to start all this online video agenda. There is an assumption that YouTube will present some kind of a new technology with the platform to provide all sorts of commercials. Also such platform should enable Universal Music to advertise YouTube’s content on other web sites (primarily media sites). Business talks on Vevo keep on going since last year and so far there is no certain information about financial details of this pretty cool deal. If it’s going to be opened then it will certainly maintain better quality content and therefore more expensive advetisement, so let’s hope it remains free.
Until recent times there was no information about YouTube’s plans to sign similar deals with other record labels. New scheme of making money came out after both sides could not get as much financial profit as they did before by representing their videos on YouTube itself. Due to these losses Warner Muisic had removed it’s videos from YouTube without any hope to come back in the nearest future.
A Source: ThatsJustMusic.com
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