YouTube has just renewed its agreement with the music video hosting service Vevo and is also making an estimated $50 investment in the firm. This investment gives Google, who owns YouTube, a 10% stake in Vevo too which is evaluated to be worth about $500 million now. According to comScore, Vevo’s library attracted 50.2 million… Continue reading YouTube Renews Vevo Contract and Invests $50M to Keep it Away From Facebook
