EMI has chosen Brightcove to distribute and monetize video across its various web properties, the video platform vendor announced today. The major label hopes to expand its audience reach as well secure new ad revenue streams through the cooperation with Brightcove, according to a news release.
EMI has struck a number of licensing deals with video sites like YouTube, VEVO and most recently Dailymotion to distribute music videos from its roster of artists. However, it looks like the label does currently not have any consistent video strategy of its own. EMI label Capitol Records simply links to YouTube pages to showcase videos of its artists, a practice that also seems common on a number of EMI artist pages. The A/V section of the Blue Note Records website states that “(t)here are currently no video tracks available,” and Mute.com as well as the Manhattan Records site don’t even have a section for videos.
Brightcove’s gain could prove to be VEVO’s loss with video views on VEVO’s YouTube channel going down as EMI artists and labels start to incorporate Brightcove-hosted videos into their sites. VEVO’s performance over its first two months has been inconsistent, with the total number of views going up month over month in January, but VEVO’s daily audience actually taking a dive, according to recent comScore numbers.
Brightcove on the other hand has been on a roll lately, securing deals left and right. We reported a week ago that the Financial Times is going to transition from Yahoo-owned Maven Networks to Brightcove. Earlier this month, Japan’s Nikkei signed up with the company, and the UK’s Virgin Media went with Brightcove at the end of February.