Financial Times FT.com

Vevo video site seeks advertising investors

By Andrew Edgecliffe-Johnson in New York

Published: June 4 2009 23:20 | Last updated: June 4 2009 23:20

Vevo, the planned online music video service announced by Universal Music and YouTube in April, is seeking outside investment from advertisers after signing up its second large record label on Wednesday.

Sony Music Entertainment, the second largest of the four major recorded music groups, announced that it would join Vevo, highlighting the proposed site’s “attractive, clean and intuitive environment that appeals to fans and advertisers alike”.

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