Eisner Invests In Online Video Firm
Forbes.com, Wednesday, April 19, 2006 11:30 AM
Michael Eisner is joining forces with the venture capital arm of Time Warner, his former media nemesis when he was head of The Mouse House. Together, he and Time Warner Investments have contributed to a $12.5 million round of funding for Web TV startup Veoh Networks. Veoh calls itself "the first Internet television peer casting network." It creates peer to peer software that helps content publishers and consumers share published content that has been approved by a team of editors, in an attempt to sidestep piracy. Veoh is differentiating itself from the likes of YouTube by not limiting the length of videos, letting content providers choose whether to charge or integrate ads, and allowing viewers to create their own virtual channels. T he company was founded in 2004 by Dmitry Shapiro, a renowned security software developer. Eisner will be joining the company's board of directors.
Read the whole story at Forbes.com »
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