p2pnet news view Advertising | Movies | Music:- Vevo guy Rio Caraeff (right) has “more or less confirmed … my suspicion that the music service was not created to serve a new need for consumers,” says Matt Rosoff says on CNet News.
Rather, he says, “it was built to help advertisers and content owners”.
Why else do you think p2pnet stories list Vevo in the ‘advertising’ section, Matt?
“The music business has been taken advantage of for years,” said ex-Universal boss Doug Morris recently.
Universal and Sony are the two major stakeholders — along with giant online advertising company Google, of course.
It owns GooTube.
“This is our opportunity with Vevo to take back control of our product,” recently stated Morris who, not insignificantly, one would think, has been put out to pasture on the the app which won’t save the music biz.
Not according to Sheryl Crow, anyway.
Thus, “labels, artists, and music publishers” are included in list of people Vevo was created to “capitalize on music videos, and to help Google (YouTube’s owner) offload some of the cost associated with administering rights to them,” the story.
In other words, Rosoff goes on, “this isn’t a business-to-consumer play, it’s more of a business-to-business arrangement”.
And that says it all.
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CNet News – Vevo CEO confirms it’s all about business, December 10, 2009
take back control – UMG’s Doug Morris: ‘taking back control’, December 7, 2009
according to Sheryl Crow – Vevo ‘won’t save the music business …’, December 9, 2009
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