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.
Warner Music and YouTube, co-owners of the one of the Web’s nastiest spats, are about to patch things up. How’d they do it? By cutting a deal that looks a lot like the one YouTube has already made with Universal Music Group.
Here’s another set of customers for AT&T: People who buy e-book readers from Plastic Logic, the would-be Kindle killer due out next year.
Privately held Plastic Logic says it will rely on AT&T to supply its gadgets with a wireless connection, in the same way that Sprint is the network provider for Amazon’s Kindle.
Warner Music Group’s videos are disappearing from YouTube. The move is a result of a breakdown in negotiations between Google and the music label over a licensing deal that was set to expire soon. Who actually made the move to drop the label’s content from the world’s biggest video site is a matter of dispute, though. Both sides are taking credit for the decision.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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