John MacDonald Named President, Content And Programming Of Veoh Networks
October 3, 2006
SAN DIEGO, CA, November 6, 2006 ? Veoh Networks, the leading innovator in Internet television, announced today the appointment of John MacDonald as president where he will oversee Veoh?s content acquisition and programming functions in this newly created position. As the former general manager of Fine Living Network and former CEO and president of InnovaTV.com, he brings considerable expertise in building strong media and programming categories and will report directly to Dmitry Shapiro, Veoh's CEO and founder.
"With the addition of John, along with our recent announcement of Ted Meisel to the Board of Directors, Veoh is building a strong executive team that will solidify Veoh's position as the premier innovator of Internet TV in the market," said Shapiro. "John's vast experience in successfully matching content, audience and advertisers will provide an important driver of Veoh's growth as we continue to build our Internet TV service."
Veoh's Internet TV service 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 content by enabling anyone - from major media companies to up-and-coming independents to aspiring enthusiasts - to broadcast without constraints of cost, geography or capacity.
With today's announcement, MacDonald joins Veoh's impressive roster of executives whose Board of Directors include former Walt Disney Company CEO Michael Eisner, venture capitalists Todd Dagres and Art Bilger, former president of Yahoo! Search Marketing and CEO of Overture Services Meisel and Veoh founder and CEO Dmitry Shapiro.
As general manager of Fine Living Network, MacDonald played a lead role in managing all aspects of the lifestyle brand from the cable television network to the Web site and related ancillary businesses. During his tenure, he was a key member of the executive team that launched the 24-hour lifestyle network within 13 months and grew the cable network?s distribution to over 29 million homes in less than four years with over $25 million in advertising revenue for an unrated network in 2005.
Previously, MacDonald was CEO and president of InnovaTV.com where he led and developed new patented streaming video tools, technologies and processes that attracted over $6 million in venture funding and established the company as a leader in the emerging field. He also served as executive vice president of program enterprises and cable sales at Twentieth Television where he led e-commerce initiatives and supervised domestic basic cable marketing efforts for the studio's library of film and TV programming that helped generate sales in excess of $200 million annually.
Earlier in his career, MacDonald held positions at the William Morris Agency and McKinsey & Company, Inc.
MacDonald received his MBA degree from Harvard and an undergraduate degree from the University of Western Ontario in London, Canada.
He resides in Los Angeles, CA with his wife Tracey and their son Griffin.
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.