Today we are joining forces with Universal Music Group (UMG) to announce the launch of VEVO, a music and video entertainment hub that will feature UMG’s premium video content. This service will blend UMG's broad catalog of artists and content production capabilities with our video technology and user community -- in other words, we'll provide the technology infrastructure that will power VEVO and host UMG’s extensive library of professionally-created music videos on the new site. This content will be exclusively available through VEVO.com and a new VEVO channel on YouTube through a special VEVO branded embedded player. It launches later this year.
We're hopeful that this partnership will set a positive example of how the digital and music industries can work together. Moreover, VEVO gives users a deeper, more immersive music experience. As part of the agreement, we've renewed and extended our deal with UMG to allow users to continue creating and watching videos containing UMG sound recordings and Universal Music Publishing Group’s compositions in various territories around the world. You'll even be able to buy favorite tracks on the spot with our
Click-to-Buy feature.
Best,
Chris Maxcy
Partnerships Director
The YouTube Team