Veoh Grows User Base

LOS ANGELES, July 12: Last
month, Internet TV platform Veoh Networks saw its user base grow to 14.3 million,
a 223-percent rise since its February launch.

Veoh expects
its growth to continue to accelerate with the further rollout of
VeohTV—currently in beta, VeohTV acts as a specialized video browser and
DVR for discovering, viewing and managing online video.

“Our continued
rapid growth shows that we have created a platform for experiencing online video
that people truly want,” said Dmitry Shapiro, the founder of Veoh Networks.
“VeohTV will continue to revolutionize the Internet Television landscape, for
users, publishers and for advertisers.”

To date, more
than 85,000 video
publishers, among them CBS, Paramount Pictures, Lionsgate and PBS, have added their content to
Veoh. Veoh automatically syndicates content published on its site to YouTube,
Google Video and MySpace Video.

Veoh Networks
investors include Goldman Sachs, Michael Eisner’s Tornante Company and Time
Warner.