Blog: Hypebot

Both the Wall Street Journal and cNet are reporting that Universal Music Group and YouTube are in serious discussions to create a hub for music videos. The other three major label gorups have or will be approached to participate in the new music video site tentatively named Vevo. With more than 3.5 billion plays logged, UMG artists in aggregate are the most popular on YouTube and provide income to the label group measured in the "tens of millions of $'s". A more focused music site should provide even greater revenue, as well as, enhance [...]