×
You will be redirected back to your article in seconds

Vevo Names Alan Price Permanent CEO

Alan Price is the new CEO of Vevo, the music video platform announced Wednesday morning. Price previously worked as the company’s CFO, and took on the role of interim CEO in addition to his existing duties when the company’s previous chief executive Erik Huggers stepped down at the end of last year.

There’s no word yet on who will become Vevo’s new CFO. Price had been working in that role since the company’s founding in 2009. Before that, he worked for more than a decade in various finance roles at Sony Music.

Universal Music and Sony Music, which both own significant stakes in Vevo, celebrated the appointment with a joint statement Wednesday morning:

“Alan Price is a seasoned music executive and proven leader who has played a key role in Vevo’s growth and development for almost a decade. His deep understanding of Vevo’s mission, and his long track record of success make him the ideal choice to lead the company forward as we continue to support and invest in providing fans with the best premium music video programming.”

Price’s appointment comes as Vevo has significantly scaled back its ambitions and returned to its original mission of distributing major-label video content on YouTube. Under its previous CEO, the company was looking to strike a path of its own by building a owned-and-operated business in addition to its distribution partnership with YouTube.

To that end, Vevo built out a San Francisco-based developer team that worked on apps for mobile and TV-connected devices as well as Vevo’s web presence. Following the leadership transition last December, some product leaders also left the company, which followed up with layoffs. In May, Vevo announced that it was shutting down its apps and website to fully concentrate on YouTube and other distribution partnerships.

This changing approach is also reflected in the choice of the new CEO. Huggers was known as a product guy who previously worked on the BBC’s iPlayer as well as Intel’s ill-fated live TV service. Price on the other hand has been described by sources who know him as a numbers guy, who might be better suited to help Vevo’s owners to maximize the revenue they’re getting from their YouTube distribution partnership.

 

 

More Digital

  • IMDb UnMade - Rainn Wilson, Nick

    Amazon's IMDb Launches Original Series 'UnMade' About Comedians' Rejected Hollywood Pitches

    IMDb, the Amazon-owned entertainment database, has premiered its latest original show: “UnMade,” featuring Rainn Wilson, Nick Cannon, Kristen Schaal, Reggie Watts and other comedians discussing early pet projects that were never produced, until now — sort of. In each episode, one of the guest comedians recounts a project they created and pitched back when they were [...]

  • apple music

    Verizon Bundles Apple Music With Top-Tier Unlimited Wireless Plans for No Extra Charge

    Verizon has expanded its ties to Apple — offering wireless subscribers on its two most expensive unlimited plans access to the Apple Music for no extra charge. Starting Jan. 17, Apple Music will be included in Verizon’s Beyond Unlimited and Above Unlimited plans, the telco announced Tuesday. For Apple, the bundling agreement promises to augment [...]

  • Infowars Alex Jones

    Roku Removes Infowars Channel Following Backlash

    Roku has taken the Infowars channel off its platform after the streaming device faced criticism for carrying the controversial program hosted by right-wing conspiracy theorist Alex Jones. “After the InfoWars channel became available, we heard from concerned parties and have determined that the channel should be removed from our platform,” stated the company’s tweet on [...]

  • SAMUEL L. JACKSON in Glass. M.

    ‘Glass’ Again Tops Studios’ TV Ad Spending

    In this week’s edition of the Variety Movie Commercial Tracker, powered by the TV advertising attention analytics company iSpot.tv, Universal Pictures claims the top spot in spending for the second week in a row with “Glass.” Ads placed for the superhero thriller had an estimated media value of $9.89 million through Sunday for 1,183 national [...]

  • Snap Inc

    Snap CFO Tim Stone to Leave Company

    Snapchat corporate parent Snap Inc. is facing another major executive departure: The company’s chief financial officer Tim Stone is on his way out, Snap revealed in a regulatory filing Tuesday afternoon. Stone will stay with the company to find a new candidate for his position for the time being, according to the filing. His last [...]

  • birdbox Sandra Bullock

    Will Netflix's Latest Price Hike Spur a Customer Backlash?

    Netflix is rolling out its biggest price increase to date — including hiking the standard HD plan from $10.99 to $12.99 per month — for all subscribers in the U.S. and parts of Latin America. The obvious risk: Some customers will see the higher prices as a reason to bail on Netflix, while there’s also [...]

  • Alex Jones Infowars

    Roku Faces Criticism Over Infowars Channel

    Streaming device maker Roku faced a backlash Tuesday over its decision to carry a channel for Infowars, the controversial website of right-wing conspiracy theorist Alex Jones. The company responded by saying that Infowars wasn’t currently violating its terms of use. The uproar over Roky carrying Infowars comes a few months after most other major platforms, [...]

More From Our Brands

Access exclusive content