Vevo Looks To Secure Up To $500 Million For “Aggressive” International Expansion

Right after announcing their deal with Warner Music Group (first hinted at here at Digital Music News), The Financial Times is reporting that Vevo has hired top banking firm Goldman Sachs to lock down between $300 to $500 million in capital from investors.

This move comes at a time when Universal Music Group and Sony Music Group, majority owners of Vevo, are reportedly trying to convert the video hosting service into a paid subscription service.
If the company is able to successfully raise the money, Vevo will use this money on aggressive international expansion, including “potential acquisitions” and brand new mobile and television services.

Just last month, Vevo rehauled their website and apps, and announced that it would start working on original programming. This isn’t very strange, as last year, Vevo hired Erik Huggers, who had previously worked led a team on the creation of the BBC iPlayer.


The news of Vevo’s fundraising efforts also comes at a time when the digital streaming market is heating up. Both Spotify and Apple are looking to branch out of streaming just music and turning their eyes into streaming videos as well in order to both solidify and grow their current customer base, with Spotify recently launching an original cartoon series.

Writing about Spotify’s original programming plans, Bloomberg’s Lucas Shaw wrote, “Spotify is counting on video to bring in new customers and convince current ones to spend more time on the service.”

Apple Music appears to be following suit, with the company having recently bought out the rights to stream the popular Carpool Karaoke series.

Speaking on Vevo’s expansion plans, Billboard’s Andrew Flanagan wrote,

+A Free Social Network For Music That You Can Use To Distribution and Keep 100% of Sales
“If Vevo is unable to grab a significant number of eyeballs around the world, in a reasonable amount of time, its reason for existence will be difficult to justify.”

Wow! Facebook’s New Reactions: A Problem for Online Marketing?

Still no “dislike” button for Facebook. But it’s added the next best things.

Beginning Feb. 24, users can choose from six different reactions to friends’ posts: “like,” “love,” “haha,” “wow,” “sad” and “angry.”

The social network rejected adding a “dislike” button, fearing that it would create a negative environment. But the new emoji reactions could cause other problems.

One obvious consequence is that they give users an opportunity to put angry faces all over the Facebook pages of political candidates they disagree with.

Beyond that, companies could use the new reactions for marketing campaigns.

Paying endorsers to “like” a product or business could be misleading, as there’s no space within the button to disclose that users clicked it as part of a paid campaign, according to the Federal Trade Commission’s updated guidance on social media endorsements.

Still, marketers may not be able to resist the lure of the new “love” button when taken with all the hype surrounding the new emojis.

Another possibility is that companies may lure users into clicking “sad” or “angry” on competing businesses’ Facebook posts. Although these reactions may not have the same effect as “dislike”—or written negative reviews—gathering a number of “sad” reactions could hardly be seen as beneficial when introducing a new product.

While businesses and political campaigns sort out the implications, though, Facebook users can have more fun than ever expressing their “love” and laughter for one another’s posts.

After 19 Years as EIC, David Granger Out At Esquire

David-GrangerOn the verge of his 20th anniversary at the title, David Granger is leaving Esquire, Hearst announced this morning. Replacing him will be Town & Country editor-in-chief Jay Fielden. Fielden has been the top editor at Town & Country since 2011 and will retain a role as editorial director of the title.

Granger is one of a few of the industry’s iconic magazine editors, helming a brand that has managed to see less than the usual turnover at the top editorial spot. The brand hit its 1,000 issue mark last September, which also saw the debut of a digital archive of every issue published since 1933. There were only ten editors prior to Granger.

Aside from rolling out the complete archive, Esquire has been a perennial finalist and winner of National Magazine awards, collecting 16 during Granger’s tenure.

More than that, though, in an industry where print has been so challenged both financially and philosophically, Granger has been exceedingly experimental with the print magazine, using it as a base to stretch into new opportunities—regularly driving radical design elements in the issue and on the cover, tinkering with e-commerce and augmented reality, offering long-form stories as one-off paid content products, and launching the cable Esquire Network.

“We’re constantly tweaking,” he told Folio: recently. “We don’t announce it, but we redesign every February. You have to be constantly thinking about what you can do better or more clearly or more simply.”

Three versions of ‘O Canada’ that almost became the anthem

The music and French lyrics for Canada’s national anthem were originally written to celebrate St. Jean-Baptiste Day in 1880, but by 1939 the country had settled on O Canada as the de facto national anthem (though not officially until 1980). In the early years of the last century it still wasn’t clear what the English lyrics should be, and a flurry of competitors soon emerged:

 

1. Version by Toronto doctor Thomas Bedford Richardson, 1906

O Canada! Our fathers’ land of old
Thy brow is crown’d with leaves of red and gold
Beneath the shade of the Holy Cross
Thy children own their birth
No stains thy glorious annals gloss
Since valour shield thy hearth
Almighty God! On thee we call
Defend our rights, forfend this nation’s thrall
Defend our rights, forfend this nation’s thrall

2. Version by Mercy E. Powell McCulloch, winner of Collier’s Weekly competition, 1909

O Canada! in praise of thee we sing
From echoing hills our anthems proudly ring
With fertile plains and mountains grand
With lakes and rivers clear
Eternal beauty, thou dost stand
Throughout the changing year
Lord God of Hosts! We now implore
Bless our dear land this day and evermore
Bless our dear land this day and evermore

3. Version by Ewing Buchan, manager of the Bank of Hamilton in Vancouver and vice-president of the Vancouver Canadian Club, 1908.
This version seemed like it had a lock when prime minister William Lyon Mackenzie King’s secretary, after hearing it sung at the Vancouver Board of Trade, wrote a letter saying King “was struck with the singing of O Canada at the Board of Trade meeting. I shall be much obliged if you will let me have a copy of the words used. We have listened to a great many versions of O Canada during the present tour and I know of none which sounded so fine.”

O Canada, our heritage, our love
Thy worth we praise all other lands above
From sea to sea throughout their length
From Pole to borderland
At Britain’s side, whate’er betide
Unflinchingly we’ll stand
With hearts we sing, “God save the King”
Guide then one Empire wide, do we implore
And prosper Canada from shore to shore

In the end, after some 14 bills dealing with adopting O Canada as the national anthem were unsuccessfully introduced between 1962 and 1980, Parliament voted to formally adopt the version that had been written by Montreal judge and poet Robert Stanley Weir for the diamond jubilee of Confederation in 1927.

Well, almost. The government changed three lines from the original, in part replacing “O Canada, glorious and free” with “God keep our land, glorious and free,” much to the chagrin of Weir’s descendents, who had owned the copyright for the lyrics until only a decade earlier. They handed over the rights on condition they have a say on any amendments. “We gave up the copyright because we did not wish to appear to obstruct or delay parliamentary action,” said Robert Weir Simpson, an advertising executive in Montreal in 1980. “We believe it has a moral obligation to honour the agreement.”

Air Force ‘Confident’ Bomber Contract Award Is Airtight

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DUBAI — The US Air Force is “confident” that the award of the Long Range Strike-Bomber (LRS-B) contract to Northrop Grumman can withstand the protest recently filed by losing team Boeing and Lockheed Martin, top leadership said here today.

“I am confident that we collectively — and again, ‘we’ the Air Force, but we had independent peer reviews, as well — that, collectively, we did a very thorough job,” Secretary of the Air Force Deborah Lee James said during a Nov. 10 press conference at the Dubai Air Show. “The evaluation was done according to the [Request for Proposal] evaluation factors.”

The Pentagon announced Northrop as the winner for the competition, which aims to provide 80-100 new bombers for the service to replace the B-52 and B-1 fleets, on Oct. 27. On Nov. 6, Boeing and Lockheed filled their formal protest with the Government Accountability Office.

The GAO now has 100 days to review the protest, examine the Air Force’s source-selection process and issue a ruling. The Air Force expects Boeing’s protest will delay the contract by that 100-day period, but no more, James indicated.

“What is now going to occur is about a 100-day period in which the GAO will be reviewing the contract award, so we expect that, after that 100 days is up, we will proceed accordingly,” James said. “So that is the amount of the delay you might see, the period of the GAO review.”

If the protest is successful, the GAO could force the Air Force to re-bid the contract, causing further delay to the Air Force’s decades-long effort to build a new bomber. However, James pointed out that the GAO may simply ask the Air Force to “redo” some aspects of the source-selection process.

The Air Force, clearly eager to avoid a repeat of the tanker saga of the last decade when a Boeing protest eventually reversed the original award to Airbus, has taken great pains to insulate the LRS-B award. James reiterated during the press conference that the service tasked not one, but two, independent cost estimators to evaluate the program.

“We had a very deliberate process, we took our time, it was key that we do it correctly, we believe that we did do it correctly,” James said. “It’s not just our belief, we had independent reviews at different levels within the Department of Defense to include a legal review, so I would just like to stand by and wait to see what the GAO assesses.”

But despite the Air Force’s best efforts, a protest could delay the program and spark an ugly public relations battle, particularly given Boeing’s clout on Capitol Hill.

Boeing and Lockheed Martin called the selection process for the LRS-B “fundamentally flawed” in a joint statement last week. Specifically, they take issue with the cost evaluation performed by the government, saying it did not properly reward the team’s proposals to break the upward-spiraling historical cost curves of defense acquisitions, and did not properly evaluate the relative or comparative risk of Northrop Grumman’s ability to perform, as required by the solicitation.

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US acts to open dialogue with Iran about Syria, Yemen crises

The U.S. took steps Saturday to open a dialogue with Iran and others about the crises in Syria and Yemen.

Secretary of State John Kerry met with Iran’s foreign minister, Javad Zarif, on the sidelines of the U.N. General Assembly, and told reporters there would be discussions in the week ahead that could prove critical to resolving the conflicts.

“I view this week as a major opportunity for any number of countries to play an important role in trying to resolve some of the very difficult issues (of) the Middle East,” Kerry said. “We need to achieve peace and a way forward in Syria, in Yemen … in the region itself (and) I think there are opportunities this week, through these discussions, to make some progress.”

Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.

Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.

Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.

Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.
Kerry and Zarif held their first face-to-face meeting since they sealed a landmark nuclear agreement in Vienna in July. Kerry raised concerns about the instability in Syria and Yemen, and the fate of Americans detained by or missing in Iran, his spokesman said.

Zarif said his primary focus would be the implementation of a deal that curbs Iran’s nuclear program in exchange for relief from economic sanctions. He also said Iran was willing to discuss regional issues, including the deadly stampede at the Hajj pilgrimage in Saudi Arabia, in the appropriate forum.

“The situation in the region, the unfortunate developments in Saudi Arabia over the last week, have been disastrous and we need to address them. We will address them in the proper international forum,” Zarif said.

Testing it up

As fall approaches, we can expect to hear more about how employers are adapting their health plans for 2016 open enrollments. One topic likely to garner a good deal of attention is how the Affordable Care Act’s high-cost plan tax (HCPT), sometimes called the “Cadillac plan” tax, is affecting employer decisions about their health benefits. The tax takes effect in 2018.

As fall approaches, we can expect to hear more about how employers are adapting their health plans for 2016 open enrollments. One topic likely to garner a good deal of attention is how the Affordable Care Act’s high-cost plan tax (HCPT), sometimes called the “Cadillac plan” tax, is affecting employer decisions about their health benefits. The tax takes effect in 2018.

As fall approaches, we can expect to hear more about how employers are adapting their health plans for 2016 open enrollments. One topic likely to garner a good deal of attention is how the Affordable Care Act’s high-cost plan tax (HCPT), sometimes called the “Cadillac plan” tax, is affecting employer decisions about their health benefits. The tax takes effect in 2018.

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