Monday, December 7, 2009

Vevo launch countdown, another major label added to the mix

In an article I wrote this morning for streamingmedia.com, I mentioned uncertainty as to whether Vevo (under its Universal Music Group / Vivendi ownership) will get to its goal of having all four major labels on board by the time it launches tomorrow, December 8, 2009.

Apparently, in an early morning tweet, Universal announced that EMI is now on board.

Also, Peter Kafka, of MediaMemo, stated that Lala.com went for about $80 million, rather than the $35 million he'd initially projected. He says appears Warner didn't get back any of the write-down that it had done a few months ago (writing down approximately $11 million of its initial $20 million investment).

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