UPDATE: YouTube and Universal have just flipped the switch and VEVO is now live.
More to come.
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If you haven’t heard, YouTube and Universal are launching a new music video website tonight with great fanfare and a giant, star-studded party in New York City.
VEVO will host most of YouTube’s music videos (85% of them, actually), including ones from EMI, Sony Music, and Universal.
Rock legend Bono, Google CEO Eric Schmidt, and...
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