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CEO: Vevo made $150 million in revenue last year
(AP)
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Wed, 01 Feb 2012 02:11:26 GMT
AP - Vevo, the online music video service launched by Universal Music Group and Sony Music Entertainment in late 2009, pulled in $150 million in revenue last year, chief executive Rio Caraeff revealed on Tuesday.
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Ukraine shutters top file-sharing site
(Digital Trends)
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Tue, 31 Jan 2012 23:25:18 GMT
Digital Trends - In the wake of the takedown of file-sharing site MegaUpload (and the ripple effect to sites like FileSonic and Uploaded.to), another popular file-sharing site has gone dark. Ukrainian police today shut down the country’s most popular file sharing site, Ex.ua, on grounds that it was illegally distributing copyrighted material, including music, videos, and movies.
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Bronfman: UMG, Sony purchase of EMI 'dangerous'
(AP)
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Tue, 31 Jan 2012 23:11:41 GMT
AP - Outgoing Warner Music chairman Edgar Bronfman Jr. says the proposed purchase of British recording company EMI by recording rivals Universal Music Group and Sony/ATV is "dangerous" and must be stopped by regulators.
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Vevo Made $150 Million Last Year
(Mashable)
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Tue, 31 Jan 2012 19:50:36 GMT
Mashable - Vevo generated $150 million in revenue last year, President and CEO Rio D. Caraeff revealed at AllThingsD's media conference on Tuesday.
The two-year-old music video platform, a joint venture between Sony Music Entertainment, Universal Music Group and Abu Dhabi Media, has paid out $100 million to content owners over the past two years, he added.
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Ukraine shuts down top file sharing website
(Reuters)
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Tue, 31 Jan 2012 16:36:48 GMT
Reuters - Ukrainian police on Tuesday shut down the former Soviet republic's most popular file sharing website, Ex.ua, accusing its owners of illegally distributing copyright-protected software, music and videos.
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