The rise is down to a growing digital advertising business, according to an FT report. After years of posting annual losses, Vevo says it will be profitable by early Advertisers are said to be moving business from YouTube — a service with which Vevo is understood to be currently re-negotiating its exclusive partnership. The rise in revenue happened under the watch of former CEO Erik Huggers, who departed at the end of last year.
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Facebook have officially confirmed that officially licensed music videos will be available on the platform in the U. Facebook has informed page owners that they will need to toggle a new setting to allow them to add their music videos to their page from August 1st or else Facebook will add them automatically. They are now a huge part of the sharing site with a dedicated section and revenue generating potential for popular video creators. Music videos may begin to change that.
Despacito, the most streamed video of all time on YouTube that hit a record 5 billion views recently, was deleted from YouTube for a brief while on Tuesday. OurMine Hacks Vevo, Dumps 3. The hacking group later deleted the data from their website after "a request from VEVO.
Music video destination Vevo is in the midst of another makeover and part of it includes a greater commitment to developing new artists. To that end, they've released a Ones To Watch list that their analytics suggest are set to take off next year. Ones To Watch Young M. With the internet and digital technologies driving rapid change within the music industry, articles about new releases and who has been hired and fired are no longer enough. Our up to the minute industry news alongside insightful commentary helps our readers sift through the rumors and developments to find the information they need to keep their businesses moving forward. Hypebot is read daily by more than 30, music industry professionals including executives and senior staff of music related tech firms, internet based music sites, every major label group and most indies as well as many managers, artists and members of the live music community:.