Veoh Networks Adds Internet Advertising Innovator Ted Meisel To Board Of Directors
October 3, 2006
(LOS ANGELES AND SAN DIEGO) - October 3, 2006 - Veoh Networks, a leading Internet Television broadcasting provider, announced the addition of Ted Meisel to its Board of Directors as an independent director. Meisel is the former president of Yahoo! Search Marketing and CEO of Overture Services. He joins former Walt Disney Company CEO Michael Eisner; leading venture capitalists Todd Dagres and Art Bilger; and Veoh founder and CEO, Dmitry Shapiro on Veoh's Board. He brings substantial experience in rapid growth, Internet advertising and general management to the deep media, technology and management experience of Veoh's current directors.
"Ted's broad and deep internet experience - especially in search and advertising - will be invaluable to Veoh as we define the new market of internet television," said Dmitry Shapiro, CEO and founder of Veoh Networks. "In addition, he offers a rare blend of strategic insight and hands-on operational experience in developing companies that we have already begun to tap."
As CEO of search pioneer Overture Services, and later president of Yahoo! Search Marketing, Meisel played a leading role in the development of Internet search and advertising. From his hiring in 1998 to the time of the company's sale to Yahoo! for $1.8 billion in 2003, he led Overture to $1 billion in revenues. He served as a Yahoo! executive for the two years following the acquisition, leading the Overture division (renamed Yahoo! Search Marketing) through integration and continued rapid growth. Previously, Meisel was a product, content and business development executive with CitySearch, the leading Internet city guide. He also served as a management consultant at McKinsey & Company and Mercer Management Consulting.
"The Internet has fundamentally changed text-based media, and it is poised to do the same for video. With technology that makes it easy for video producers to publish, distribute and monetize their work - coupled with a strong board and team - Veoh Networks is well-positioned to play a leading role in the convergence of the Internet and television," said Meisel. "I'm excited to contribute to Veoh's growth and, in turn, this next chapter of the Internet."
Veoh Networks delivers broadcast-quality entertainment and informational content via the Internet, using unique distribution technologies to allow for unlimited capacity for both long- and short-form programming. Veoh presents audiences with unprecedented choices in video and television content by enabling anyone - from popular cable networks to up-and-coming independents to aspiring enthusiasts - to broadcast without constraints of cost, geography or capacity.
About Veoh Networks, Inc.
Veoh Networks is a new, innovative internet television broadcasting system that is able to reach hundreds of millions of broadband-connected viewers throughout the world. Veoh 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. 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.