Report: Vevo Negotiating With TV Networks
September 2, 2009 at 5:08 AM (PT)
VEVO is reportedly in talks with CBS and NBC to license and develop shows for the Web, reports REUTERS, citing two people familiar with the talks. VEVO, set for a DECEMBER launch, will offer high-quality music videos and music-related programing. It will be separate from GOOGLE's YOUTUBE, whose technology will be the framework for the new site.
UNIVERSAL MUSIC GROUP and YOUTUBE, first announced plans for the service in APRIL. So far, VEVO has signed one content and equity partnership deal with SONY MUSIC ENTERTAINMENT.
REUTERS writes a "person familiar with VEVO's plans said similar deals are on the table with WARNER MUSIC GROUP and EMI GROUP. An agreement with WARNER will likely be delayed because of an ongoing dispute with YOUTUBE over financial terms."
VEVO's partners reportedly plan to move beyond being a website for music videos and artist interviews, and develop original music-related content with experienced programing partners like CBS, NBC, ABC and FOX.