“58% of Vevo viewers measured by comScore are exclusively reached by phones and tablets – these devices are the first and only screens used for a majority of our audience,” said Andrea Zapata, Vevo’s vice president of research. “Very quickly our industry will have to reconsider the notion that mobile devices are a ‘second screen.’”
Vevo has been working to distance itself from YouTube over the past few years and establish its mobile app as a standalone source of music videos. The company was reportedly looking for up to $500 million in fundraising in August.