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Report: Veoh Files For Bankruptcy

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San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M Tags: veoh networks merger acquisition bankruptcy failure. READ MORE>>.

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Veoh's Shapiro Confirms Bankruptcy Filing

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Dmitry Shapiro , in a post on his personal web site, confirmed the Chapter 7 bankruptcy filing of San Diego- and Los Angeles-based Veoh Networks Thursday afternoon. Veoh had raised over $70M in funding. Tags: veoh video sharing dmitry shapiro bankruptcy failure employment jobs. READ MORE>>.

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SmartDrive Systems Snags Former Veoh CEO

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San Diego-based SmartDrive Systems said Monday that it has named Steve Mitgang as its new CEO. Mitgang was previously CEO of Veoh, and also had served at Senior Vice President of Yahoo!'s s advertising products, platforms, and services.

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Koji Connects With $20M More

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San Diego-based Koji, which develops an app store for helping creators earn money, said late Tuesday that it has raised $20M in its Series B fundraising. Shapiro previously founded the video sharing site Veoh, and also was the CTO of MySpace, in addition to serving at Google. The company says it has now raised a total of $36M.

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Veoh Claims Win Over Universal Music

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Los Angeles- and San Diego-based video sharing site Veoh is claiming a major win today over Universal Music group, saying that a federal judge has thrown out a copyright infringement lawsuit against the firm. Veoh had been sued over user videos using music from the label in September of 2007. READ MORE>>.

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Veoh Cuts 20 Percent

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Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. Veoh said that the firm, although doing well financially, could not predict how soft the online advertising market will become, given the economic challenges of today.

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Veoh In International Partnership

socalTECH

Los Angeles- and San Diego-based Veoh Networks, a provider of Internet video sharing services, said today that it has entered into a partnership with Axel Springer Digital TV Guide GmbH. According to Veoh, Axel Springer is in a strategic international partnership with the firjm, specifically in Germany.

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