Abu Dhabi Media Company

Vevo Bounces Back From a Rough Start With 20 Million Streams a Day

Peter Kafka in Media on January 15, 2010 at 1:02 pm PT

Remember Vevo, the “Hulu for music video” service that launched with a lot of fanfare, then earned a ton of lousy press for an error-filled launch? It has fixed its tech problems and is doing just fine, thank you very much. Vevo says it is generating around 20 million video views a day, which puts it on track to generate some 600 million views a month. Next step: Turning those views into dollars.

Vevo Gets Its Investor: Abu Dhabi Media Joins “Hulu for Music Videos”

Peter Kafka in Media on October 19, 2009 at 4:17 am PT

Vevo, the music industry’s version of Hulu, now has its own version of Providence Equity, the outside investor that took a flyer on the Web TV and movie joint venture: Abu Dhabi Media Company has purchased a stake in the company from owners Universal Music and Sony. No financials released, though I’m told the deal values the JV at $300 million.