VEVO
 |
|
| Type of business | Joint venture |
|---|---|
|
Type of site
|
Online music |
| Founded | December 8, 2009 |
| Headquarters | New York City, New York, United States |
| Area served | |
| Owner |
Universal Music Group (49%) Sony Music Entertainment Warner Music Group Abu Dhabi Media Alphabet Inc. |
| CEO | Erik Huggers (CEO) |
| Industry | |
| Net income | US$ 760 million (2013) |
| Website | vevo |
| Alexa rank |
 8,442 (February 2017[update]) |
| Launched | December 8, 2009 |
| Current status | Active |
| 24-Hour Vevo Record | |
|---|---|
 |
|
| Awarded for | Most views within 24 hours of release on Vevo |
| Country | Worldwide |
| Presented by | Vevo |
| First awarded | January 21, 2012 |
| Vevo Certified Award | |
|---|---|
 |
|
| Awarded for | Videos with over 100 million views on Vevo and its partners. |
| Country | Worldwide |
| Presented by | Vevo |
| First awarded | June 2012 |
Vevo (/ˈviːvoʊ/; VEE-voh) is an American multinational video hosting service founded on December 8, 2009 as a joint venture between two of the "big three" record companies, Universal Music Group (UMG) and Sony Music Entertainment (SME). It is based in New York City and its shareholders now consist of both UMG and SME as well as Abu Dhabi Media and Google after it took a 7% share in 2013, with the third "big three" company, Warner Music Group (WMG) joining Vevo in August 2016.
Vevo hosts music videos from both Universal Music Group and Sony Music Entertainment syndicated on YouTube and its website, with Google and Vevo sharing advertising and similar benefits. EMI also licensed its library of videos for Vevo shortly before its launch and its acquisition by UMG in 2012. Originally, Warner Music Group was reported to be considering hosting its content on the service after it launched, but formed an alliance with rival MTV Networks (now Viacom Media Networks). In August 2015, Vevo expressed renewed interest in licensing music from Warner Music Group, and its deal with WMG was completed on August 2, 2016, making the entirety of the "big three" record companies' music eligible for licensing for Vevo.
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Wikipedia