Vivendi a french media gaint is funding a startup dubbed as “Vivendi Mobile Entertainment”, a content with functionalities similar to YouTube and MySpace according to a report from French business journal Les Echos (Google translation). But unlike YouTube, Myspace this service is not free, users have to pay for the service.

This service will launch first in France this summer and then they will expand it to the world. Music, films, video games etc.. will be made available on this portal, vivendi will add the content from its companies like SFR mobile, Universal music and Canal+ channel. Although vivendi has a lot of content i doubt the success of paid subscriber models in this present scenario where most of the services are offered for free.

Source: Newteevee