Vevo CEO Rio Caraeff has stated that the company is currently developing an app that will bring music videos to your HDTV via the upcoming Boxee Box set-top box.
The company has distribution partners in YouTube and AOL, and is looking to continually expand.
Boxee, which is currently in beta, has said they have almost 1 million users that have downloaded the software, and that number is expected to continue growing.
Vevo is a joint venture between Universal Music Group and Sony Music Entertainment, using YouTube as a backend, and with financial support from AT&T and Abu Dhabi Media Co..
Result for: joint venture
Sony Executive Deputy President Hiroshi Yoshioka has predicated by the year ending March 2013, between a third and half of all Sony Corp. television sets sold will include 3D features. Yoshioka also acknowledged that a key issue contributing to the company’s losses in the TV business is its reliance on a third party for panels. Sony buys panels from South Korean giant Samsung Electronics Co., which use LED-lacklight technology.
He said that the joint venture with Samsung has produced difficulties as well as having many positive effects too on Sony’s products. “They were a competitor,” he said, without giving any details on when Sony might be planning on producing its own displays of this type. While LED-backlit TVs have proven to be a success for Samsung, Sony may try to fight back by focusing on producing larger organic light-emitting diode (OLED) televisions.
OLED’s produce light on the display’s surface and therefore lack the need for any illumination from behind. The company already produces 11-inch OLED TVs, but Yoshioka admitted Sony engineers are experiencing hurdles while trying to produce larger panels. Until Sony can offer a full sized OLED television, the company will look for opportunities with 3D.
It has been specifically pointing out the potential benefits of 3D with gaming, linking the technology to its PlayStation platform.
Result for: joint venture
Popular online video Hulu is close to profitability, or at least breaking even, says NBCU CEO Jeff Zucker.
The site, a joint venture between Fox, NBCU and Disney, now “has to figure out the monetization game,” says Zucker, who adds that subscriptions are a possibility, in an effort to boost revenue.
Hulu has seen exponential growth over the last year, rocketing to the third most popular video site in the world.
Zucker continued that the goal of the site is to eventually have all shows online, but the question would be how many episodes of each show would be available at any given time.
Is Hulu looking for another equity partner? Yes, but Zucker doesn’t believe they will find one, as Time Warner and CBS have their own plans for online video.
