San Digeo, CA-based web video publishing start-up Veoh is grabbing headlines today because former Disney CEO Michael Eisner is coming out from under wraps with his acknowledged investment in the company. Veoh raised $12.5 million en toto from a group of investors that include Eisner, Todd Dagres, Managing Partner of Spark Capital and Time Warner. To date, Veoh has raised $14.75 million.
As Om points out, the timing is good for Veoh with the funding coming on the heels of a blogging community uproar over Veoh’s unauthorized publishing of videos.
What’s interesting is that Eisner, the prototype for an old media grandee, is clearly looking at IP video ventures as the future.
“Anybody, now, can have their own network,” Mr. Eisner said. “There are no borders. No gatekeepers. No restrictions on creativity of any kind.”
Cynthia Brumfield at 7:05 AM|Comments(0)
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