Later this year, Universal Music Group and YouTube are expected to launch an online music joint venture called Vevo. Today paidContent reports that UMG executive Rio Caraeff will be Vevo's new head.
Caraeff is currently Executive Vice President of eLabs at Universal Music Group. previously he was Vice President, General Manager and Founder of Universal Music Mobile. For more information, read Peter Kafka's post on AllThingsD.
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