universal music group

Online video website Veoh has announced it will be shutting down and filing for bankruptcy.

Veoh launched in 2005 and its backers included Shelter Capital, Spark Capital, Michael Eisner's Tornante Company, Goldman Sachs, Time Warner, Intel Capital, Adobe, Gordon Crawford, Firefly3 and Jonnathan Dolgen.

Those backers supported Veoh with $70 million in investments.

Leading recording company Universal Music Group says it has entered into a long-term contract to use the services of online music measurement company BigChampagne Media Measurement in North America.

Joel Tenenbaum, meet Jammie Thomas. In June, Jammie Thomas-Rasset lost her retrial, and must pay the recording industry $1.92 million for illegal P2P file-sharing.

Tenenbaum had a similar trial, and a similar verdict: on Friday a jury awarded the four major record labels (Sony BMG, Warner Music Group, EMI and Universal Music Group) $675,000 in his case.

Three weeks after the iconic singer's death, concert promoter AEG and giant Universal Music Group are expected to begin selling as many as 300 items designed by the 50-year-old singer.

Recording company Sony Music Entertainment has joined Vevo, an online music video site due to launch this year with the backing of Universal Music Group and YouTube.

Chicago based record label JAP Music and Entertainment Group announces an exclusive worldwide distribution deal through ABE/KEM/Bungalo/Universal Music Group Distribution.