Quantcast
VEVO REVENUE UP 30%

Vevo’s revenues grew 30% in 2017 to about $650m, The Financial Times reported. The company attributed much of that growth to advertisers abandoning YouTube.

Vevo, which grossed $500m in 2016, reported that millions of dollars in ad campaigns were yanked from YouTube after discovering that their spots appeared alongside extremist or offensive content.

The FT, which has the story behind a paywall, noted that Vevo, like YouTube, continues to struggle to come up with ways to get users to pay for content.

Vevo’s CEO Erik Huggers is leaving the company after overseeing the website produce original content such as acoustic videos by Lorde and Demi Lovato and overhauling its apps. His plans for subscriptions have been scrapped.

The company, owned by Universal MusicSony MusicGoogle and Abu Dhabi Media, does not usually disclose financial results but told the FT that it broke even in 2017 and will be profitable early this year.

 

 

TOP 20: AFTER EFFECT
Sometimes art and commerce are totally in sync. (3/26a)
PND & RIHANNA COLLAB ON "BELIEVE IT"
Let's get the PARTY started. (3/26a)
MAYBE, JUST MAYBE: PART 3
Alternate title: Home Alone 3 (3/26a)
iHEART ADDS TO SUNDAY'S LIVING ROOM SPECIAL (UPDATE)
Live music on TV! (3/27a)
VIRTUAL CONCERT AND LIVESTREAM ROUNDUP (UPDATED DAILY)
Giving home entertainment new meaning (3/28a)
RUBBER GLOVES
Do you have to wear them to work?
MARCH MADNESS
Oh, that's a sports thing too? We just meant that we're losing our minds.
VIRAL MARKETING
How we talk about the Coronavirus.
BERNIE
Can he crash on your couch?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)