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Veoh Launches, Sets Sights on YouTube
The new Michael Eisner-backed online TV site debuts today with more than 100,000 videos from both amateurs and professionals. "If you really want to broadcast, if you want to be a producer of video, Veoh is the place you need," says the company's CEO Dmitry Shapiro in an LA Times article, "It's for YouTube graduates."
The article points to Eisner's influence as a factor that may give Veoh a leg up on the competition, noting that he has been key to the company's brokering content deals with United Talent Agency and Us Weekly. The company is also touting its "DVD-quality" video streams as an advantage over YouTube's sometimes-grainy picture.
Veoh allows producers to automatically distribute videos of any length or picture resolution to multiple sites, including YouTube, Google Video, MySpace and Facebook. The company touts DVD-quality video that can be viewed on a full computer screen, not just in a small window.
Shapiro hopes to make money by collecting transaction fees for videos offered for rental or purchase and by selling ads around free videos.
"There are few advertisers who will want to advertise on short, grainy video clips," Shapiro said.