YouTube is making discussions on a $50 million equity investment in Vevo LLC, a music video service.
According to a source familiar with the setting, YouTube’s mother company, Google would be owning less than ten percent of Vevo. This gives Vevo an assessment of a minimum of $500 million. The discussion is still ongoing.
Moreover, the investment would be a probable part of a wider agreement in keeping the music videos of Vevo on YouTube.
Vevo, which was started in 2009, was formed by Sony Music Entertainment of Sony and Universal Music of Vivendi SA. Just last year, Google extended . . . → Read More: Google to invest in Vevo
After only one week available on the market, Google Fiber takes off in both in Kansas and Missouri, wherein forty-six from the designated communities or so-called “fiberhoods” have qualified for that service, the organization reviews on its Google Fiber site.
Google introduced its fiber-to-the-home network a week ago, that provides speeds as high as one gigabit per second along with a new TV service. Google stated it might prioritize construction from the network in communities or referred as fiberhoods, by which residents show probably the most interest. It generates a website where individuals thinking about the service can pre-sign up . . . → Read More: A fast start for Google Fiber