Court Hands Veoh Major Victory in Universal Music Lawsuit

Summary Judgment Ruling Legitimizes Online Video Sites as Source for Publication
and Consumption of Video Content

Second Federal Court Decision Affirming Veoh`s Compliance with DMCA Unshackles
Online Video Innovator as It Continues Focus on Operating Performance
LOS ANGELES--(Business Wire)--
In a major victory for Veoh Networks and other online video sites, a federal
judge in Los Angeles today threw out a copyright infringement lawsuit filed by
Universal Music Group. The court`s awarding of summary judgment to Veoh is the
latest in a string of decisions against UMG in the case and marks the second
time that a federal court has found Veoh`s copyright process to be compliant
with the Digital Millennium Copyright Act.

"This is a great victory for Veoh that allows us to continue our focus on
innovation in online video, unshackled by the distraction of this lawsuit," said
Veoh Networks Founder and Chief Executive Officer Dmitry Shapiro. "We can
continue to support our many content partners, including Disney, CBS, Viacom,
Sony and Time Warner, who understand the need to innovate and work together to
create value in the emerging business of Internet distribution. From an industry
perspective, this decision is a big deal as well, as we now have a second clear
victory showing that companies who work diligently to respect property owners
and the DMCA will be able to run their businesses and be successful without the
fear of those select content owners who may be uncomfortable with emerging
technology."

The decision, effectively ending the case, is an important step in the maturing
of the four year-old online video industry, which will continue to expand in the
coming years and grow to represent an extraordinary value to consumers,
advertisers and content owners.

The Court held in its decision that Veoh satisfied all of the elements required
for safe harbor under the DMCA. Veoh`s policy, according to the Court,
"satisfies Congress` intent" with respect to handling claims of copyright
infringement and terminating repeat infringers. The judge noted the prior
federal court`s opinion about Veoh, which stated that "the record presented
demonstrates that, far from encouraging copyright infringement, Veoh has a
strong DMCA policy, takes active steps to limit incidents of infringement on its
website and works diligently to keep unauthorized works off its website. In sum,
Veoh has met its burden in establishing its entitlement to safe harbor for the
alleged infringements here."

"From its inception, Veoh has respected the rights of property owners, and now
we are the only online video service that has been vindicated on this matter by
two different federal courts," said Joshua Metzger, Veoh Networks` Senior Vice
President, Corporate Development and General Counsel. "The court`s decision has
implications well beyond Veoh by setting a precedent that online video sites are
not liable for the actions of publishers in copyright cases as long as they work
to protect copyrights and work within the provisions of the DMCA."

With the lawsuit behind it, Veoh will continue its focus on innovation in the
online video industry. Veoh`s industry leading innovations include providing a
single system to access the broadest range of videos online, leveraging patent
pending recommendation technology to discovering and finding video content
wherever they are hosted on the Internet and the recently introduced Veoh Video
Compass, a simple tool that integrates video and Veoh`s recommendation
technology into users` everyday browsing experience, making it even easier to
experience relevant, useful video content without the need to visit any video
destination site.

Dozens of major brands are successfully advertising on Veoh, taking advantage of
our audience, multiple ad products and innovative behavioral targeting
technology to allow them to get compelling video messages and integrated
campaigns in front of the exact audiences they are targeting. With today`s court
decision, Veoh expects to achieve profitability in the next two quarters.

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,
Warner Bros. Television Group, ESPN and Lions Gate to thousands of independent
filmmakers and content producers - and currently attracts over 24 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 office is in San Diego, California. For more information
about Veoh or to inquire about advertising opportunities, visit:
http://www.veoh.com.

DKC
Matthew Traub, 212-981-5207
matthew_traub@dkcnews.com
or
Debra Duffy, 212-981-5219
debra_duffy@dkcnews.com

Copyright Business Wire 2009