As every one knows YouTube is the biggest video sharing website, has planned to launch the world’s largest video music website along with Universal Music Group, the world’s largest music company. In order to increase the revenue from YouTube UMG has decided to launch this premium music website. It will be coming out with professional videos with the name Vevo.
The sources say that this site is expected in the months very ahead. In additional the deal is a boost for YouTube because it has been under pressure to increase the music labels and publishers who are frustrated that the popular site has been unable to pay higher fees for rights to use their music and videos.