Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
September 14, 2012 12:21 am GMT

Video Portal Veoh Retains Equity Partners CRB To Explore Sale, Other Strategic Options

veohSo much for the YouTube competitors. The owners of Veoh, a video portal that claims to have millions of users worldwide, has said it has enlisted the help of Equity Partners CRB to explore strategic options for the company, including a sale. "The company intends to focus solely on commercialization of its proprietary social video offerings," owners Qlipso said in a statement (embedded below).The move is a sign that even with large audiences (but perhaps not large enough) video portals are facing some challenges monetizing under their existing, ad-based business models. And it may be a further sign that Veoh specifically has faced challenges in growth following lawsuits from big media, a bankruptcy in 2010, and its sale to Qlipso shortly after.Veoh, which focuses on premium rather than user-generated content, says it currently has 3 million pieces of content in its catalog, along with revenue-sharing partnerships with TV, cable, music and other brands worldwide. The company had raised some $80 million from investors that include Intel Capital and Michael Eisner.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-Vgixy80JKw/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch