Online Music Hub Vevo Eyes New Ad Deal with YouTube (Report)

NY - Online music hub Vevo is searching to barter a completely new advertising deal with Google's YouTube, the NY Publish reported. Under their current agreement, Vevo, a venture of Vivendi's Universal Group, The brand new the new sony Music Entertainment as well as the Abu Dhabi Media Co., can get 65 percent in the ad revenue it will make online, while using host site acquiring the comfort, in line with the Publish. It mentioned Vevo, which launched couple of years ago, is searching to enhance its share. The business, introduced by Boss Rio Caraeff, desires to affect the deal before it mulls a possible IPO, that may happen over the following 18 several days, in line with the Publish. "Vevo's a great partner which we anticipate coping with them afterwards,Inch a YouTube representative told the Publish. Vevo recently hired veteran author Jim Macnie becasue it is new editorial director since it focuses on enhancing news and editorial features. Email: Georg.Szalai@tthr.com Twitter: @georgszalai Related Subjects Google Vevo