Jul 17, 2015 11:05 AM Unknown asks:

Meanwhile, the Abu Dhabi Media Company has reportedly purchased stakes in the start up from Sony and Universal. The exact value of the transaction is unknown, although Peter Kafka at Media Memo says the figure hovers near $300 million. Content, cash, battle tested video technology, a record industry plagued by slumping sales you can see the appeal of the Vevo project.


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