Eisner Backs Net-Video Company


Former Walt Disney Co. chairman Michael Eisner’s Tornante Co. investment house joined Time Warner Inc. and Spark Capital in a $12 million funding round for Veoh Networks Inc.

Veoh said it delivers “broadcast-quality entertainment and informational content” via the Internet.

In a prepared statement, Eisner said, “Veoh revolutionizes television by leveraging the Internet to expand broadcast capacity to the point that every single user, whether an individual or a media company, can create their own ‘channel,’ and every ‘channel’ can be supported by its own business model.”