Veoh Networks Inks Deal with Viacom's MTV Networks to Become the Ultimate Source for Video on the Web
Deal Brings Content From MTV, VH1, COMEDY CENTRAL, NICKELODEON and
other MTV Networks to Veoh
Veoh Viewers Will Be Able To Find and Watch Their Favorite Video
From MTVN, NBC, Fox, and CBS
LOS ANGELES & SAN DIEGO--(Business Wire)--Veoh Networks (www.veoh.com), the leading innovator in Internet
television, and MTV Networks, a unit of Viacom (NYSE: VIA, VIA.B),
today announced a partnership that will significantly expand Veoh's
lineup of TV programming and bring MTVN's popular content to Veoh's
more than 21 million unique monthly viewers.
Beginning this quarter, Veoh viewers will be able to easily find
and watch programming from COMEDY CENTRAL, MTV, Nickelodeon, VH1, CMT,
Logo, The N, Spike TV, AtomFilms and GameTrailers. Show clips will
also be available from COMEDY CENTRAL's Emmy and Peabody-Award winning
"The Daily Show with Jon Stewart," MTV's "The Hills," Nickelodeon's
"iCarly," "VH1's "The Salt-N-Pepa Show," and much more.
"MTV Networks has created some of the most popular, innovative
shows on television, so we are very excited to bring their programming
to Veoh's highly-engaged viewers," said Steve Mitgang, CEO of Veoh
Networks. "With the addition of MTVN's content to our broad selection
of video, Veoh is now the ultimate source for both network and
independent TV programming on the Web."
"We are very pleased to offer our audiences the opportunity to
interact with our content on a premium site like Veoh," said Greg
Clayman, Executive Vice President, Digital Distribution and Business
Development, MTVN. "Veoh shares our commitment to delivering deep and
interactive entertainment experiences to viewers, and will be a
valuable partner in MTVN's targeted online syndication efforts."
This relationship complements Veoh's hyper-aggregation strategy,
which aims to give viewers access to the best of network television
plus the best of independent studio productions and user-generated
content -- all through one easy-to-use service. In addition to the MTV
Networks content that will be added, Veoh features an extensive array
of shows from CBS, NBC and Fox (via Hulu), as well as high-quality
content from thousands of independent producers and Internet studios.
"Veoh offers a significant opportunity for publishers and
advertisers alike to reach a deeply engaged and rapidly growing
audience online. By partnering with Veoh, major media companies can
not only make their content available to a wider audience, but also
deliver additional valuable traffic to their advertising partners,"
added Mitgang.
Veoh's partnership with MTVN also comes on the heels of a year of
explosive growth for Veoh. During the course of 2007, Veoh's audience
grew to 21.5 million unique monthly viewers from 2.5 million,
representing an average increase of 20% per month since Veoh.com's
official launch in February 2007 and a total year-over-year increase
of 760%. Veoh viewers also demonstrated high levels of engagement in
2007, consuming a total of more than 30 million hours of content in
November.
About Veoh Networks
Named one of AdWeek's Top 10 Digital Hotlist sites in 2007, Veoh
Networks is an innovative Internet Television company that delivers
broadcast-quality video programming via the Internet.
The Veoh Networks portfolio includes Veoh.com, one of the most
popular video hosting services on the Internet, and VeohTV, a free
downloadable application that turns online video into Internet
Television. Veoh.com has more than 100,000 content publishers - from
CBS, Lions Gate, PBS, National Lampoon, Road and Track and Us Magazine
to thousands of independent filmmakers and content producers - and
currently attracts over 21 million unique users per month. VeohTV
makes it easy to turn any computer into a digital video recorder that
allows viewers to watch and record shows from thousands of Internet
video sources. 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 Goldman Sachs,
Shelter Capital Partners, Spark Capital, Michael Eisner's Tornante
Company, Time Warner Inc., Tom Freston and Jonathan Dolgen. The
company's principal offices are in Los Angeles and San Diego,
California.
Veoh Networks
Gaude Lydia Paez, 310-749-4963
gpaez@veoh.com
or
Dan Klores Communications
Debra Carey, 212-981-5219
Debra_Carey@dkcnews.com
Copyright Business Wire 2008
