YouTube, VEVO may arrange new deal as contract expires December 11, 2012 - 20:31 AMT PanARMENIAN.Net - YouTube and VEVO's long-standing contract expired on December 9. VEVO offers music videos from three of the four biggest record labels, and is a premium partner of YouTube. As Digital Spy reported citing Billboard, VEVO is looking to increase the ad revenue share it currently earns from its videos on the service. Currently the ad share for VEVO is somewhere between 51% and 75% minus a 10% sales commission. YouTube is unwilling to increase the deal offered to VEVO, even though VEVO videos from the likes of Adele, One Direction and Lady GaGa are some of the most viewed on the site. A 120-day automatic extension means the contract will stay in place until early April, giving both sides time to arrange a new deal. However, Sony Music boss and VEVO founder Doug Morris has said that VEVO would consider taking its content elsewhere. Earlier in the year it had been rumoured that Facebook was poised to take over from YouTube as host for VEVO content - a rumour that resurfaced when Facebook integration was introduced as part of VEVO's recent site re-design. The service announced last month that it has paid out over $200m in royalties to artists since its inception in 2009. Partner news  Top stories The deal comes as Makani carries out the first fully autonomous flights of robot kites bearing its power-generating propellers. The validity period of BIT service is 30 days; the service cost is AMD 2500, with the maximum Internet speed of 384 kbps. The next generation iPad will keep its 2048 x 1536 Retina display by using a thinner 0.2mm piece of glass. Apple uses two conventional offshore tax practices typical of multinational companies' tax-avoidance strategies, the report said.   Partner news |  Latest news Islamist group Boko Haram camps destroyed in Nigeria  Some 2,000 soldiers were deployed to the region last week, in the biggest campaign to date against Boko Haram.U.S. says Syria conflict threatens Lebanon’s stability Syria has been locked in an increasingly bloody civil war since demonstrations broke out against the Assad regime in March 2011.France set to begin first major stage of Mali withdrawal However, some fighters retreated to hideouts in the mountains and desert, from where they have launched isolated attacks.IMF chief not placed under formal investigation "Now, it's time for me to go back to work in Washington, and I will of course be briefing my board," Christine Lagarde said. |
