MTV and Vevo, two of the world’s music video powers, are now back on track after a year off of each other.
Last Friday, Vevo’s music videos, that includes those from three of the four largest record labels have been shown again on MTV.com.
Last December, CNET reported that the two have signed a pact after more than a year since Vevo’s videos, which is owned by Universal Music Group, was pulled off MTV sites.
The terms of the agreement was not publicized.
The New York Post reported that Facebook is trying to unseat YouTube as Vevo’s host.
A CNET source said that negotiations have been on-going between Vevo and YouTube. The report is harping on why Vevo is being sought by Facebook and YouTube.
According to Claire Atkinson, author of the article, “Landing a deal with Vevo could prove key for Facebook, which is angling to go public this year in a huge IPO that would value the company at $100 billion. The social network barely edged out Google to become the biggest seller of display ads in 2011, but is projected to lost that title in 2013 as the search giant cranks up its display-ad business.”
Credit: CNET | Screenshot: Greg Sandoval