Vevo, the “Hulu for music videos” site that launches tomorrow, just got a bit bigger: In addition to clips from owners Sony (SNE) and Universal Music Group, the site will offer EMI Music Group’s videos.
The press release I’ve reprinted below doesn’t spell this out, but I’m told that EMI is only licensing its videos to the venture and isn’t joining as an equity partner; it will get an advance against revenue upfront.
The deal means Warner Music Group (WMG) will be the only one of the four major labels that isn’t working with the video site. But Warner has struck its own deal with Google’s (GOOG) YouTube, which is powering Vevo.
from Media Memo
---------
Comment: Another Blinkx product that the company failed to promote or monetise becomes an also-ran.
How long are Blinkx management going to be allowed to carry on spending company (ie shareholder) time and money building products (Blinkx Music, Transaction Hijacking, SmartShopper) which they then proceed to do absolutely nothing with in terms of rollout, promotion or monetising deals, and which then get superceeded by other products that come to market?
I think they need to explain themselves. If they have an overarching plan or strategy they should explain clearly to shareholders what it is. Because at the moment - and this is just a personal view - it looks like they're floundering around way out of their depth, failing to get products to market, cut deals, deliver shareholder value or anything very much - except stay lucratively employed at shareholder expense, of course...
No comments:
Post a Comment