Eisner, Time Warner Back Veoh

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NEW YORK Former Disney CEO Michael Eisner and Time Warner were among the investors in a $12.5 million financing round closed by Veoh, a peer-to-peer video service.

Eisner’s new firm, The Tornante Co., joined Time Warner and Spark Capital in the series B round, which follows a $2 million Series A round by Shelter Capital Partners. Eisner will join Veoh’s board of directors.

San Diego-based Veoh is among a clutch of tech start-ups looking to fundamentally change the television distribution business through new digital technologies.



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