VEVO TAKES OVER YOUTUBE AS PREMIER VIDEO MUSIC SITE

YouTube and Universal Music launched has launched a new music video internet site called VEVO. It’ll include content from some of the world’s largest record labels, including EMI, Universal and Sony Music. And the amount of views per video will go towards the artists placement on the Billboard charts.

To get VEVO off the ground in style, the music labels and Google hosted a star studed event including Lady Gaga, John Mayer, Peter Wentz, Mariah Carey, Adam Lambert, Ciara, Justin Timberlake, 50 Cent, Sheryl Crow, Rihanna, Taylor Swift and more. 50 Cent is said to have invested in the venture as well (always making money).