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July 3, 2013 07:29 am GMT
YouTube confirmed that it has renewed its deal with music video distributor VEVO. Not only does the deal allow YouTube to keep VEVO's video on its site, but it also requires Google to invest in VEVO. Though deals of the term have not been disclosed, Billboard estimated in February that it is worth between $40 million to $50 million and would give Google a 7% stake in VEVO.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f0S9XYY9zYE/
YouTube Confirms Renewed VEVO Deal, Takes Stake In Company
YouTube confirmed that it has renewed its deal with music video distributor VEVO. Not only does the deal allow YouTube to keep VEVO's video on its site, but it also requires Google to invest in VEVO. Though deals of the term have not been disclosed, Billboard estimated in February that it is worth between $40 million to $50 million and would give Google a 7% stake in VEVO. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f0S9XYY9zYE/
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