Vevo La Vida: Universal Music Group Hoping That It Can Create A Hulu Of Its Own [Web 2.maybe]

Universal Music Group has decided to team up with Google's money-hemorrhaging video site YouTube for a joint venture called Vevo, which will apparently "highlight" clips from the major-label behemoth and make money for everyone (maybe even artists? Haha, just kidding!) via ad revenue. What does this mean for you, the end user? Well, clips that use UMG-owned music—which right now are only available for YouTube viewing if you venture over to the site—will be embeddable on third-party sites, th...

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