Didja see the spiffy new offices in Santa Monica? Just finshed ‘em! Wonder what that cost…

D-E-A-D P-O-O-L

The players in the Web TV space fired the gun to early, to much flux to really make an impact in the digital entertainment wave, ask netflix; YT is eating up the stragglers and the mayors for breakfast,

If your in Web TV with the current YT un-official M&A pro-content campaign, then your VC has to be golden.

I keep hearing the phrase “content is king” but it seems “uniques are king”.

i’d first written ‘NEARLY HALF A BILLION’ which I should have stuck with. And, that’s ANNUALLY, so, VEOHs paltry total loss is nada in comparison.

1. Veoh is not going out of business (at least not today) . We have one of the largest video services on the Internet with over 23 million monthly users (40% of them US based), that watch over 200 million videos per month. Comscore is wrong as usual, but I won’t get on that soapbox. Our VeohTV product, that is cited in the chart, was sunsetted months ago and that is why you see the dip. The product was replaced with Veoh Player which continues to grow in users, but is not tracked by Comscore.

3. We have been monetizing Veoh for over a year, and have a pretty large roster of blue chip advertisers that are very happy with our performance and continue to do additional buys.

4. Like most smart companies we are making sure that we are running lean and mean. Those that understand business will realize that this is a good thing and not a bad thing.

6. While Veoh.com continues to be our primary business, we realized that simply continuing to innovate in the box will get marginal growth. To gain great growth and take that number to 100 million unique users per month, we must think outside the box. This is where Veoh Video Compass comes in. Compass will dramatically grow our user base by providing users a must-have browser extension that helps them discover video as part of their everyday web browsing/searching activities. We are adding major sites every week to Compass’ list of supported sites, and already generate as many daily searches thru Compass as happen on Veoh.com. We are also adding great features to Compass that will make it even more compelling to users, content owners and advertisers.

Hope this helps….

Their time and funds are rapidly evaporating.

BRIGHTCOVE abandoned it’s mission and strategy a few times and guess what? They’re alive. Adapt or Die.

The problem with most/all of these ventures is they never learned how to be a “Distributor” in the film industry sense of the word. They are networks without distribution “Rights” (value). They never tapped into the traditional media talent pool to truly converge the Industries. Yes, they could have used their money in a less-geek’d out sort of way and maybe become sustainable businesses.

Hence, we’re stuck with Hulu, which is old media on a new screen and the shining golden child of “newteevee.” Hulu is part of a distribution chain, it’s not a standalone tech network.

VEOH tried (a bit) with their Prom Queen deal, etc., but, there are only so many B. Diller’s in the world and VEOH wasn’t pro-active in more alliances of that nature. And, they didn’t nab ownership in the distribution Rights.

Technology isn’t Content.

$70MM later, there are no tangible/valuable assets. Because they didn’t understand Distribution. That’s kind of sad, because no one has an exit strategy or safety net.

Hopefully, Dmitry’s Twitter quest for a date will end better than his company has.