Vevo Gets New Investor Dollars
October 19, 2009 at 5:51 AM (PT)
VEVO has received financial backing from an Arab media conglomerate, reports CNET.COM.
ABU DHABI MEDIA COMPANY, backed by people from the UNITED ARAB EMIRATES, has made an undisclosed investment into VEVO, which was founded earlier this year by UMG and is set to launch late this year.
SONY MUSIC ENTERTAINMENT joined the venture this past SUMMER (NET NEWS 6/4).