Sony Music Entertainment and Vivendi Universal are poised to make music together on the Web with a new venture dubbed Duet, Reuters reports.
A new Duet site to be launched by the two media companies will license and market music from other companies, as well as content from Sony Music's catalogue. Sony and Vivendi will be equal partners, splitting revenue from a subscription service and a pay-per-listen service.
Sony first announced plans for the Duet venture, currently based in San Francisco, with Universal Music last June.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.