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Friday, April 10, 2009

YouTube and Universal to launch premium music site

By Yinka Adegoke

Fri Apr 10, 2009

NEW YORK (Reuters) - Google's YouTube and Universal Music Group, the world's largest music company, said on Thursday they will launch a premium music video website as they bid to increase revenue from YouTube's huge usage.

The new advertiser-supported site, featuring professional videos, will be called Vevo and is expected to launch in coming months, the companies said.



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