Veoh’s way with Moguls

September 13, 2021

Internet TV provider Veoh Networks appears to be the darling of big-name former entertainment company CEOs.

Already backed by ex-Disney CEO Michael Eisner, Veoh yesterday said that former Viacom CEO Tom Freston and Jonathan Dolgen, who once helmed Paramount Pictures, were among the investors involved in a $25 million third round of venture capital financing.

Another marquee name, Goldman Sachs, led the latest round of funding.

Veoh ranked sixth on the list, three slots behind YouTube. The music giant is seeking billions of dollars in damages.

Veoh’s other investors include Time Warner, Spark Capital and Shelter Capital Partners.

The company has content deals with Dolgen’s former studio, Paramount Pictures, as well as Us Magazine, Lionsgate, PBS, NCAA Football, National Lampoon and the Ford Modeling Agency.

[Source: NYPost]

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