Read the full story here from Reuters: YouTube & Universal launch new music site, Vevo
It looks like it’s just Universal joining forces with YouTube on this new stand-alone music video site venture for now, but it won’t be long before the other majors follow suit.
Maybe labels with whom YouTube has been battling in the UK and Germany over disputes about payments will also come on board.
It’s good to see labels and new media working together in this way - looks like it will be a win-win situation for labels, artists and YouTube.
Your thoughts?