Friday, January 20, 2012

Facebook and Vevo about moving the music-video service away from YouTube


Facebook and Vevo about moving the music-video service away from YouTube

Meetings have occurred between Vevo and Facebook at least twice. The most recent talks took place within the past two weeks
Facebook is interested in a similar arrangement to the one Vevo has now with Google's YouTube. Facebook would stream Vevo's music videos and the two companies would sell ads and share in the profits
If Vevo were to jump, Facebook could boost its music offering, which it has done only in incremental ways in recent months. In September, Facebook Music was launched, a service that enables users to share information about their listening habits and tastes in real time.

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