Disastrous start for VEVO – only 35 million visits

The new premium music video and entertainment service created in partnership by Universal Music Group, Sony Music Entertainment and Abu Dhabi Media Company is already in trouble. VEVO managed just 35 million visits in December, a remarkably low number given the hype and marketing muscle of the corporates behind it.

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This is – or should be – a huge reality check for the music industry. The closing of Tower Records reflected the end of the old-school analog days, and the demise of imeem underlined the folly of trying to use old-style business practices online. Even with VEVO being run on the YouTube platform and picking up a large potential audience, the figures are dismal.

VEVO logoThe “Most Popular” music videos on VEVO also showed the problems of the service:  Beyonce, Justin Bieber, Drake, Lady Gaga, Jay Sean, Shakira, Britney Spears and Taylor Swift. Those artists will be popular anywhere BUT the problem is the inclusion on VEVO will just steal listeners/viewers away from other platforms.

Claiming “Music Evolution Revolution!” is just not backed up by the figures. The real Evolution and Revolution in music is happening elsewhere. For example, podcasts by trance DJs Above & Beyond already have 21 million listeners/viewers each week. In other words the immediate future of digital music is still iTunes and iPod, much to the concern of the majors.

Will VEVO bring us anything new? No. It is just a continuation of the old-school music cartels trying to channel our music appreciation – and it won’t work any more. Therefore we won’t spend new money via their platform. The real evolution of music marketing online will continue elsewhere – platforms like Pandora, Last.FM, MySpace and WordPress.

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About top10trends
Music has always been a muse and an inspiration, and just occasionally a musician inspires as well

6 Responses to Disastrous start for VEVO – only 35 million visits

  1. Pingback: Tweets that mention Disastrous start for VEVO – only 35 million visits « Top 10 Trends -- Topsy.com

  2. Simon says:

    It will be interesting to see what happens over the coming months to these figures as more interet is generated in Vevo, this article from The Music Void is interesting and looks in detail at Vevo http://bit.ly/4Gn50c

    • top10trends says:

      Hi Simon
      The biggest problem for VEVO is the USA and Canada only licensing. Which is the reverse of Spotify. Therefore neither will become dominant in the way that iTunes has become in music, worldwide.
      Also VEVO and Spotify both suffer from commercialitis – trying to contain and control revenue from the top 10% of artists.
      Serious music lovers will dip in occasionally but continue to get so much better content from iTunes, podcasts and blogs.

  3. tv243 says:

    VEVO doesn’t work in europe
    this one does http://www.tv243.com
    also grabs music videos from youtube

    • top10trends says:

      Hi tv243

      Problem is tv243 has a very limited catalog. For example, I tried a few searches and they all came up with nothing that I wanted (or liked):
      Delain
      Dash Berlin
      JES
      House of House

      In other words tv243 is just another service for people who want background noise rather than music – just like radio used to be!

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