Apparently YouTube and Universal Music Group were not able to come to a deal sufficient enough to keep video content on the existing YouTube website, and are instead opting to create a new Vevo.com website where the two partners will share ad revenue. More at; http://www.tgdaily.com/content/view/41997/118/
EXPERIENCE IS NOT WHAT HAPPENS TO A MAN BUT IT IS WHAT A MAN DOES WITH WHAT HAPPENS TO HIM