Vevo, before it was fully introduced in 2009, where seeking outside investment from advertisers after signing up its second large record label. Sony Music Entertainment announced that it would join Vevo, highlighting the proposed site's "attractive, clean and intuitive environment that appeals to fans and advertisers alike".
Sony will take an undisclosed equity stake alongside Vivendi-owned Universal in the joint venture, which will pay Google's YouTube video sharing site for services including helping to build the technological platform on which it will run.
Universal and Sony said the partners were also "exploring additional strategic participation by third-party investors to join this innovative entertainment platform as equity partners".
Recently, Magners, the cider brand, is expanding its 'made in the dark' campaign with a sponsorship of a special 15-minute online video package for indie band The Maccabees on music platform Vevo. The original content, set to go live on Friday this week, is a music video for the band, which was ‘made in the dark’ in a warehouse in East London.
The sponsorship, arranged by MPG Media Contacts, is the first time a brand in the UK has sponsored one of Vevo’s ‘Vevo Presents’ programmes, which commissions original content from artists.
The production company Sweatshop Studio shot the band and crowd dressed in black, using Kinect technology and advanced 3D depth-sensing cameras. It has stylised the three tracks performed to create a 15-minute video showing band and fans as silhouettes.
Magners will be the main sponsor for the original content, as well as serving targeted pre-roll ads across the Maccabees back catalogue on Vevo.
The video will roll out across the Vevo platform, which includes the site, apps, connected TVs and through its syndication partner YouTube. Vevo did not confirm how much the deal cost.
Magners launched its "made in the dark" TV ad in March this year.