Youtube, in partnership with Universal, has launched VEVO, a music video website that aims at covering 85% of the music video offer online, with 15% covered by youtube.

The service is not yet offered in HD, but that will come up next year. Actually, at this moment, it does not offer any video, as the only available page is the 500 one, since the site is under what I’m assuming an onslaught of requests, rendering it to its knees.

The makers are also announcing synchronized and integrated lyrics to the videos (!)

The service will also be rolled up into youtube’s search: any artist you search on youtube will give results linking to VEVO.

More to come once… well, once we can have more. For now, you should follow their blog - which does not say anything about the downtime. Shame.