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Vevo, the leading purveyor of online music videos and one of the largest Web video services in the world, is for sale: the company and its bankers have begun taking meetings with a veritable who’s who of media and tech companies that have signaled they could be buyers.
WaltDisney Co.'s$500 million buyout of Maker Studios has been described as many things: An endorsement of the YouTube economy, an admission by a media giant that it can’t build digital properties in-house, and a seminal moment for Los Angeles’ startup scene.
Online video companies that had once hoped to build robust ad-supported entertainment services on YouTube are now scrambling to find additional revenue sources in the face of stagnant ad rates and a glut of inventory.