Since sales of physical music formats have declined dramatically with the massive adoption of digital music, record companies have been struggling to find a new format that music fans will buy. For instance, SanDisk launched its slotMusic format to try and boost physical music sales.

Gemalto and Universal Music have announced another new music format called the Smart Video Card. The rectangular card has a hole for a DVD player spindle and a SIM card with up to 120MB of content stored.

YouTube might not be making that much money for its owner Google today, but the site certainly draws a huge amount of visitors. YouTube has all sorts of videos from blog-like entries to car crashes and everything in between including music videos from top artists.

YouTube and Universal Music Group have announced that they are launching a premium music and video service called Vevo. The site promises to offer UMG’s broad catalog of artists and will allow users to create and upload their own videos using UMG songs.