YouTube and UMG to Create Vevo

The Universal Music Group and YouTube are working on a new media service. Vevo will feature all of UMG’s videos on one site by using YouTube’s “leading edge video technology and user community.” Launching later this year, there will be access to UMG’s catalog of music videos and will include professional, artist and user generated content. Tunes can be accessed through the Vevo channel and a branded embedded player.

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