Online video company Vevo has signed a lease for the grade II listed ‘The Lighthouse’ building in London’s Kings Cross.
The building will become the business’s new hub for its European operation after design refurbishment in June 2017.
Providing 16,292 sq ft (1,514 sq m) of space across four floors, the new office will offer more than double the floorspace of Vevo’s current London HQ – suggesting some international expansion is on the cards.
The office includes performance space to support live events for key Vevo franchises dscvr and Lift, an editing suite, together with a café bar and rooftop terrace for entertaining.
Jon Gisby, Managing Director of Europe, Vevo, said: “Vevo has bold ambitions to be the music video and entertainment destination of choice for audiences and artists, and our continued growth and investment in Europe is an important piece to our strategy.
“Finding a new office building that has the space required for our growing team, and the facilities to support our creative needs, further reinforces our long-term commitment to London, the UK and the European market overall.”
London’s Deputy Mayor for Business, Rajesh Agrawal, said: “The news that Vevo is to open new offices that can double its presence in the capital is a fantastic boost for our already thriving tech and creative sectors.
“As well as being a world leader for creativity, London boasts fertile ground for tech businesses, from the smallest start-ups to the biggest global players.
“Vevo has bold ambitions to be the music video and entertainment destination of choice for audiences and artists, and our continued growth and investment in Europe is an important piece to our strategy.”
Jon Gisby, Vevo
“Following announcements by other giants in this sector – including Amazon, Google and Facebook – this is further proof that London remains open for business, and open to investment by the world’s most exciting and innovative companies.”
Vevo also has offices in New York, San Francisco, Berlin, Los Angeles, Portland and Chicago.
Interestingly, the company will pip Universal Music UK to a King’s Cross move.
The major is headed to new office space in Four Pancras Square, London – shifting away from its current High Street Kensington location in early 2018.
According to Vivendi’s latest financial results, Universal owns a 49.4% voting interest in Vevo.
Its other shareholders include Sony Music Entertainment, Abu Dhabi Media and Google/Alphabet.
Vevo boasts over 21 billion monthly views globally, across a library of 160,000 HD music videos, exclusive original programming and live concert performances.Music Business Worldwide
