IT Business News Today July 3, 2013

YouTube has signed a licensing agreement with Vevo

Portal YouTube has extended an agreement with the service Vevo, delivering record video clips on the popular video hosting.

As part of the agreement signed Google and Vevo, the first investment will support the musical project. By estimates of the magazine Billboard, the size of the support will be 40-50 million dollars.

Recall that Vevo is a joint venture between the companies Universal Music, Sony Music Entertainment and Abu Dhabi Media Group. The official size of the investment was not disclosed.

"We have made some investment in Vevo", - stated in YouTube. "We are delighted with the prospects that can provide Vevo and YouTube co-user audience."

Yahoo acquired the mobile news start-up Summly

According to Market Watch, the Internet company Yahoo acquired the mobile start-Summly, allows users of smartphones and tablets to find, read and share online news, as well as various information.

Financial terms were not officially disclosed, but according to some reports the purchase price somewhat higher than $ 1 million.

The peculiarity of this purchase is that the company Summly is 17-year-old British teenager Nick Di'Aloisio, who started making the application as early as age 15.

According to the blog post Summly, after a deal by the application and a small team of developers that support it will work for Yahoo.

Recall that last month Yahoo CEO Marissa Mayer said that Yahoo will move toward Internet-based services with deep customization for end users and intends to expand the number of applications of this focus, as well as attract new staff of programmers who specialize in customization services.

Cooperation with Microsoft is not justified

Yahoo CEO Marissa Mayer speaking at the Goldman Sachs technology conference on the eve recognized that cooperation with Microsoft in Internet search, when Yahoo began using the search engine Bing, is not justified either commercially or from a strategic point of view.

According to her, the integration of Microsoft technology was quite expensive for Yahoo and until the money had not been worked out, besides switching to Bing has not had a positive impact on the market share of Yahoo.

Meyer says that the company is earning now have to rely on their own online services, which are not related to Bing. The current CEO Yahoo says that for her the situation is not a surprise, Meyer admitted that while working in Google she watched the agreement Microsoft and Yahoo, and even then for myself, she knew that Yahoo would be at best a zero result, and in the worst - bear market losses.