Vevo’s owners are looking for a new investor to take control, according to reports, floating valuations of more than $1 billion.

Vevo is a joint venture between Universal and Sony, with Abu Dhabi Media and Google investors. Earlier this year DreamWorks Animation made an unsolicited bid for the company, but investors are arguing that potential owners cannot buy a controlling stake until the current ones rework its P&L.

The company is working with Goldman Sachs and The Raine Group to ...