Veoh Network Users in a New Age of Legal P2P Video Distribution with Release of Veohnet
August 17, 2005
- Most Advanced P2P Video Distribution System Built With Copyright Holder’s Interests As A Prerequisite -
LA JOLLA, Calif. – August 17, 2005 – Veoh Networks, Inc., the first Internet Television Peercasting Network, today announced its VeohNet™ protocol, the company’s video transport system that significantly surpasses the capabilities of existing peer to peer (P2P) systems in effectively distributing high-quality video.
Veoh Networks was founded in 2004 by Dmitry Shapiro, a technologist best known for creating the world’s leading P2P security software that manages more than one million enterprise users, regulating applications such as BitTorrent and Grokster.
“Our engineers and I have spent the last five years dealing with various P2P networks including BitTorrent, eDonkey and FastTrack, as well as the dozens of applications that support these protocols, including Grokster, KaZaa and Morpheus.” said Dmitry Shapiro, Veoh’s CEO. “We have created a new protocol that sets a new standard in terms of both technology and legitimacy for content owners. In contrast to earlier approaches, from inception, our focus has been respecting the rights of content owners.”
According to a recent Massachusetts Institute of Technology study, existing decentralized swarmcast systems are fundamentally limited, especially in their ability to penetrate firewalls thus requiring users to open up ports in order to get these systems to work effectively. VeohNet uses advanced firewall traversal technology to provide excellent performance to all users without firewall adjustments or decreasing security requirements.
Veoh’s engineering team is led by Dr. Ted Dunning, who was previously the Chief Scientist at Musicmatch (now a division of Yahoo! Music), IDAnalytics and Aptex (an HNC company). For the past 20 years Dr. Dunning has built complex mathematical models that predict network behavior based on mega-dimensional matrixes of inferred and implied variables. These mathematical models create a layer of intelligence on top of the transport protocol that better guides video transport over P2P network architectures.
Veoh software, installed on consumers’ PCs or Macs, creates a virtual television network that is able to distribute TV-quality, full-screen broadcast video to hundreds of millions of users with broadband Internet connections. Motion picture studios, television networks, organizations and individuals can publish unlimited amounts of broadcast video content to the network, providing consumers with unparalleled choice in television programming and control over their viewing experience. VeohNet was specifically designed to provide DMCA compliance, while traditional systems do not take compliance into account enabling the rampant piracy of intellectual property. A beta version of Veoh’s software and service will be available later this month. Content producers and consumers are encouraged to visit www.veoh.com to sign up for notification upon launch.
About Veoh Networks, Inc.
San Diego-based Veoh Networks is the first Internet Television Peercasting Network, reaching hundreds of millions of viewers with broadband Internet connections throughout the world. Veoh allows content producers, from video bloggers (vloggers) to motion picture studios, to deliver TV-grade, full-screen video directly to consumers, without financial, geographical or regulatory restrictions found in traditional broadcasting systems. Veoh is privately held and venture-capital funded.