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Vevo, an online music video service expected to launch later this year, has landed AT&T as an advertiser, both companies have announced.According to Rio Caraeff, president and CEO of Vevo, and Chris Schembri, AT&T's VP of media services, AT&T will provide financial support to the music service - a joint venture of YouTube, Universal Music Group, and Sony Music Entertainment - "across a variety of connected platforms."It's a significant win for Vevo, reinforcing the industry notion that its model

New York - Vevo, the online music video portal joint venture between Universal Music Group, Sony (NYSE: SNE) Music and Abu Dhabi Media Company, has signed AT&T (NYSE: T) as the first sponsor of the site. read more

Vevo, the version of the music industry of Hulu, now has its own version of Providence Equity, the outside investor, who had a brochure in the Web-TV and film joint venture of Abu Dhabi Media Company has purchased a in the company of the owners of Universal Music and Sony (SNE). Terms of the deal were not disclosed, but I said the transaction values the joint venture for 300 million dollars. Google (GOOG) YouTube is not the owner of the company, but that revenue sharing in return for loans Vev