Veoh Networks and Axel Springer Ink Strategic International Partnership
December 22nd, 2008
LOS ANGELES, CA (December 22, 2008) - Veoh Networks, the world's most comprehensive Internet Television service, and Axel Springer Digital TV Guide GmbH, a subsidiary of one of the leading European media enterprises Axel Springer AG announced today a strategic international partnership that strengthens Veoh's international footprint, explores integrated content and technology opportunities, and introduces global brands to Veoh's young and influential audience.
Under the terms of the agreement, Axel Springer will receive sales access to Veoh's large, highly-engaged user base in Germany as well as access to Veoh's German-language viewership in other European markets. Veoh will gain the support of one of the Europe's leading convergent media marketing and sales organizations, Axel Springer Media Impact. In addition, the two companies will look into ways to leverage Axel Springer's digital television solution "My Personal TV DIGITAL" and Veoh's proprietary content discovery and recommendations technologies together in the future.
"We are very impressed with Veoh's video discovery capabilities, which could add significant value to our upcoming digital television service, My Personal TV DIGITAL." said Stephan Zech, managing director of Axel Springer Digital TV Guide and Publishing Director of TV DIGITAL.
"Internet video is quickly becoming an important channel for large media companies that want to extend their digital ad offerings." said Joshua Metzger, SVP Corporate Development, Veoh Networks. "We're very pleased to partner with Axel Springer to not only help European brands connect with more customers online but also develop new ways to make Internet video an even more essential part of consumers' online lives."
Axel Springer Media Impact is Axel Springer's advertising sales division and a one-stop shop for hundreds of advertising clients worldwide. In Germany the group reaches an audience of more than 70 million people and achieved about $1 billion Euros in gross sales last year.
My Personal TV DIGITAL is a service which enables viewers to create personalized TV channels that reflect their viewing preferences based on both conventional TV programs and Internet video offerings.
Veoh has more than 1 million German-language viewers who generate nearly 8 million video views per month on Veoh. For more information about Veoh, please visit http://www.veoh.com.
About Axel Springer Digital TV Guide GmbH
Axel Springer Digital TV Guide GmbH (ASDTVG GmbH) provides CE producers and network operators with access to the premium editorial content of Axel Springer. It offers technological solutions - in particular electronic program guides (EPGs) - for extended navigation and insertion of targeted, personalized advertising through digital content on digital receivers, personal video recorders(PVRs), game consoles, PCs, mobile phones and other terminals and platforms. The company is a 100-percent subsidiary of Axel Springer AG (XETRA: SPR.DE) and cooperates closely with the editorial offices of the Axel Springer program guides and other global publications. For more information visit: http://www.as-guides.com
About Veoh Networks
Veoh Networks is an innovative Internet Television company that delivers broadcast-quality video programming via the Internet.
Veoh has more than 100,000 content publishers - from CBS, Viacom's MTV Networks, ABC, Warner Bros. Television Group, ESPN and Lions Gate to thousands of independent filmmakers and content producers - and currently attracts over 28 million unique users per month worldwide. For advertisers, Veoh offers compelling ways of engaging with a targeted audience and measuring performance of their ad buys.
Veoh Networks is a privately held company that is backed by leading technology and media investors, including Shelter Capital Partners, Spark Capital, Michael Eisner's Tornante Company, Goldman Sachs, Time Warner Inc., Intel Capital, Adobe Systems Incorporated, Gordon Crawford, Tom Freston and Jonathan Dolgen. The company's principal offices are in Los Angeles and San Diego, California. For more information about Veoh or to inquire about advertising opportunities, visit: http://www.veoh.com.
For Veoh Networks:
Dan Klores Communications
Axel Springer AG
+49 (0)30 2591 77622