Eisner Invests in Internet Movie Technology

19 April 2006

   HOLLYWOOD - Michael Eisner, colourful ex-ceo of the Walt Disney Company, is joining the board of start-up Veoh Networks, aiming to create a television broadcasting system on the internet.
   Veoh has developed technology for consumers to download one/two hour videos from the web, enabling them to watch an entire movie on a full computer screen.
    Eisner, along with media conglomerate Time Warner and venture capital firm Spark Capital, will invest $12.5 million (€10.2m; £7m) in the business.