Veoh | The internet video sharing website that specializes in prefessional and semi-professional internet TV shows.
It could be said that from the moment Universal Music brought its lawsuit against the company its fate was sealed. And so it has come to pass, with Veoh laying off its staff and filing for bankruptcy. Another fledgling video site bites the dust.
Veoh’s Bright Beginning
Veoh began life in 2005 before entering beta in 2006. Founded by Dmityr Shapiro, the company made the headlines when Michael Eisner, former Disney chairman, joined the board. And he was one of the big-name investors alongside Time Warner and Goldman Sachs.
Veoh was talked about in the same vein as YouTube, offering a mix of user-generated content and premium content. Veoh’s goal was simple: to aid the viewing of video content and the uploading of video from ordinary people.
But things soon turned sour.