Rio Caraeff, CEO of music video hub Vevo, announced at the Dive Into Media Conference that "Hulu for music videos" is now profitable
Negotiations at an impasse, so no online videos from Lady GaGa or Eminem
Video site launches vertical to compete with Vevo, MTV, others
Site already has 30,000 videos, but will users come?
Label also in talks to join Vevo, the 'Hulu for Music' initiative.
Will run the new Vevo, a showcase for the major labels' music videos.
