“As Internet television is becoming an increasingly large part of viewers’ media experience, it’s important for traditional and new media companies to work together to deliver the most engaging content possible,” said Steve Mitgang, CEO of Veoh Networks yesterday as he announced that several major influencers in the media, entertainment and finance industries have joined Veoh’s team of prestigious investors.

Veoh’s Series C funding round closed in August 2007, garnering $25 million in financing. Along with lead investor Goldman Sachs, Veoh’s new backers include former Viacom and MTV Networks CEO Tom Freston’s Firefly3 LLC and Jonathan Dolgen, former Chairman and Chief Executive Officer of Viacom Entertainment Group.

“These new team members," said Mitgang, "along with our existing advisors, will help us build the bridges between historic and emerging media business models that are necessary to drive even more innovation and greater variety in Internet Television.”

With previous financial backers Shelter Capital Partners, Spark Capital, Michael Eisner’s Tornante Company, and Time Warner Investments, Veoh’s impressive roster of supporters represents some of the most respected entities in media today, Mitgang noted. He added:

"The addition of Freston, Dolgen, and Goldman Sachs to the Veoh investor team underscores a pivotal time in the television industry, in which traditional media leaders are joining forces with Internet television experts to redefine the media landscape."

Wth Freston and Dolgen joining Michael Eisner on Veoh's powerhouse investor team as the company further develops its VeohTV offerings and pursues new content partnerships to deliver high-quality online video experiences to viewers, Mitgang is positioning the company precisely in the new sweet spot of iTV: the company’s user base continues to grow, the company says, reaching 18 million unique users in August 2007 -- a 307% overall rise in traffic since Veoh launched in February 2007 with a 4.4 million user base.

“The Internet has shifted television programming into the hands of viewers, creating a challenge for major media companies that have developed content around historic viewing models," comented Art Bilger, Managing Member of Shelter Capital Partners. "With its unique technology and its expertise across both traditional and new media, Veoh is in the best position to partner with content owners and help them deliver their high quality programming to the vast viewing audience onlin,” he added.

Peter Perrone, Vice President at Goldman Sachs, said: "Veoh is a clear leader in Internet television. Their rapid traffic growth reflects a unique and innovative platform that offers tremendous value to consumers, publishers, and advertisers. We look forward to helping drive this next phase of growth."  

iTVCon - Internet Video Conference & Expo Registrations Now Open

The inaugural iTVCon - Internet Video Conference & Expo (November 12-13, 2007) is rapidly building out its program and the Conference Advisory Board is currently sorting through the hundreds of proposals for technical and strategic sessions that have been coming in. Final deadline for proposals is September 30, 2007, and the submission URL for speaking proposals is here.

Themes covered range from how streaming video works and how to create streaming video for the Internet to the business potential of new streaming media services as new technologies unleash a torrent of programming aimed at narrowly defined audiences.

Find out at iTVCon - Internet Video Conference & Expo in San Francisco about streaming video servers, about available digital broadcasting platforms and advanced media hosting solutions. Gain comprehensive technical background knowledge tips on creating video for the Internet.

Enjoy informed and up-to-date discussion on issues such as how the movement towards streaming video programming delivered over the Web gives content owners, organizations and marketers a whole new set of tools to explore interactive ways of engaging their audience. Hear how broadband delivery of broadcast-quality video is already revolutionizing the way we think about television.

Come learn how TV producers, cable companies, consumer electronics companies and content providers alike now acccept that TV will never be the same

Join the Internet Video revolution, register to attend now and/or submit a speaking proposal. If it is strong enough there may still be a chance that the Conference Advisory Board accepts it. If so, you will hear right away.

Only eight weeks to go till iTVCon - Internet Video Conference & Expo!

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