Newsalistic

VEVO , the YouTube-powered “Hulu for music videos” which to date was a joint venture between Universal Music Group and Sony Music Entertainment , is gaining a new founding shareholder. VEVO has just announced a ’strategic’ investment was made by Abu Dhabi Media Company (ADMC), a giant of a media company with headquarters in Abu Dhabi, capital of the United Arab Emirates, reports MediaMemo .

Here is the original:
Middle Eastern Media Giant Backs Upcoming Music Video Site VEVO (TechCrunch)