p2p news / p2pnet: Ex-Walt Disney boss Michael Eisner is biking off for pastures new. With Time Warner, he’s invested in a Net video technology start-up called Veoh which he says will democratize video distribution.

It’ll allows content producers, “from major entertainment studios and television networks to independent video producers and enthusiasts to deliver high-quality, full-screen video directly to consumers without financial, geographical or capacity restrictions found in traditional broadcasting systems,” he promises.

“This democratization of video distribution fundamentally changes the dynamics of television, creating unprecedented choice for consumers and a compelling marketplace for content providers and advertisers. Veoh is privately held and backed by leading technology and media investors, including Spark Capital, Michael Eisner’s Tornante Company, Time Warner Inc. and Shelter Capital Partners. Veoh Networks is based in San Diego, California.”

Eisner was cycling in Italy last summer when he saw a sign said “tornante,” or, hairpin turn, “and when Eisner’s lawyer later called him for a name for the company he was creating, the Italian term stuck,” says the New York Times.

Does this mean new movies?

“While he said he had no role at Veoh other than as an investor and board member,” says the NYT, he added, “I’m sure I’ll be involved in the creation of content and distribute it in the most efficient way possible.”

He also generously said he’d like to, “offer CNBC, where he has a talk show, the opportunity to distribute that show, although he said he had not talked to CNBC executives.”

On the site, “Veoh revolutionizes television again by leveraging the Internet to expand broadcast capacity to the point that every single user, whether an individual or a media company, can create their own ‘channel’ and every ‘channel’ can be supported by its own business model,” claims Eisner. “In the past, distributing television programming required an enormous broadcast infrastructure. Veoh enables anyone with an Internet connection to distribute and receive programming in the highest quality.”

Also See:
New York Times - Eisner Makes Hairpin Turn in His Career, April 18, 2006

This entry was posted on Tuesday, April 18th, 2006 at 2:05 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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