Apple has been in talks with music labels about launching a streaming music service that would compete against services like Google Play Music All Access, Spotify, and Pandora. Apple wanted to roll out the streaming music service this summer, but some of the details that they are trying to figure out with Sony Music is how much Apple would pay for songs that people listen to for a short period of time and then skip, according to sources with CNET. There are also other issues in the negotiations.
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Google Inc. is currently in talks to invest $50 million into music video service Vevo LLC. Google would own less than 10% of the company as part of the investment and would give the music video website a valuation of about $500 million according to sources with Bloomberg. The negotiations are still in early stages.
Amazon’s Cloud Drive and Cloud Player services is nearing a deal to have the four major music labels on-board. EMI, Sony Music, Universal Music, and Warner Music have all signed deals that will allow Amazon to offer a scan-and-match download service that Apple has on iTunes Match. Amazon will be able to access every song that a listener owns without having to directly upload each track that was not directly bought from the Amazon MP3 store.
Apple Inc. (NASDAQ:AAPL) has signed EMI, Warner Music, and Sony for their cloud music service. The only major music label left to sign is Universal Music Group. Universal is believed to be signing very soon. Both Amazon.com and Google launched cloud music services without support from any of the major music labels. The Apple iCloud service is believed to launch at the WWDC on June 6th. [TUAW]
Sony Corporation is hinting at withdrawing Sony Music artists from Apple iTunes. Sony is also considering withholding their games from the Apple App Store. Sony is planning to launch a music streaming service of their own soon. And they are launching an application store for their upcoming Sony PlayStation phone.
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Vevo is geared to launch tomorrow. As many of you know Vevo is going to be the Hulu of music videos. This means that those of you that are sick of MTV playing more reality shows than music videos these days will finally be able to get your fill of music videos again in one central place. Sony, Universal Music Group, and EMI Music have all agreed to place music video clips on Vevo too. YouTube technology will be used to power the video streaming. In order to promote the new service, Vevo has given 50 Cent a baseball bat to bash up some TVs playing his music video. Just in case you don’t get the metaphor in the video, Vevo wants you to stop watching music videos on TV and come to their website instead.
Vevo is an upcoming music video website that will be similar to Hulu. Rio Caraeff is the head of Vevo and the company is rumored to have raised $300 million. The company expects to stream about 450 million videos per month. The company will be ran by about 45 people initially.
Vevo is co-owned by Universal Music Group, Sony Music, and Abu Dhabi Media. Vevo will be powered by YouTube’s technology and they will be sharing ad revenue with each other. Vevo will be launching officially on December 8.
Vevo is a music video website that is a joint venture between Universal Music, Sony Music and YouTube. According to sources with paidContent, the company is out seeking funding based on a $300 milion valuation. Vevo CEO Rio Caraeff has been travelling across the country to meet with potential investors in order to get the project off the ground.
Vevo will be based on of New York City and Los Angeles. The company has been hiring engineers over the last several months. As of right now, it is unclear whether EMI and Warner will join the venture. As for Warner Music, CEO Edgar Bronfman has spoken against the idea publicly.
I would not be surprised if other labels jump on the opportunity to work with Vevo in the near future. Hulu has proven to the world that web video could replace television just like it could do with music television. Vevo can be followed on Twitter.com/Vevo.