It seems that an Israeli Start-Up group called Qlipso Acquired Veoh. Here's the story I got.
April 8 (Bloomberg) -- Israeli start-up Qlipso acquired for an undisclosed sum the assets of video-delivery Web site Veoh Networks, giving the two-year-old content platform access to millions of users and an advertising revenue stream.
Qlipso’s platform allows users to invite friends to watch together sports, movies, video clips and television shows, while chatting and controlling a personal avatar. Veoh posts content from Time Warner Inc., Funimation Productions Ltd. and CBS Corp, among others.
Veoh announced in February that it was bankrupt and its assets would be sold off to repay creditors. In a blog post on Feb. 11, Chief Executive Officer Dmitry Shapiro said the company had tens of millions of users.
Qlipso’s CEO Jon Goldman, who sold his gaming company Foundation 9 Entertainment to Francisco Partners in 2006 for an undisclosed sum, says the merger may allow the new company to add a revenue stream in virtual goods that would enhance Qlipso personal avatars.
“We will not be focused just on cool videos, but on making the experience more social,” Goldman said in a phone interview. “It will be the sort of thing you do in multiplayer social worlds.”
According to Virtual Goods Industry Forecast 2010, posted by Engage Digital Media, the virtual goods market is set to grow to as much as $2 billion this year.
Plus, judging by the fact that Veoh's been open for two months (I know, I go there sometimes to watch Kamen Rider episodes), it's not dead. It's Allllllllllliiiiiiiiiiiiiiiivvvvvvvvvvvveeeeeee!!!!!
Ahem. Well, I'm glad to see that the website is still online. Now, I can continue watching videos there. Whoo-Hoo!