New York Times, 1/22/07
An Internet Video Partnership From 2 Lions of Old Media
Full Story: An Internet Video Partnership From 2 Lions of Old MediaMichael D. Eisner and Jann Wenner, who once successfully joined in saving a celebrity magazine, are about to reunite in the world of Internet video.
Wenner Media and Veoh Networks will announce a partnership today between Usmagazine.com, the Web site for Mr. Wenner’s Us Weekly, and Veoh.com, a video-sharing Web site and a competitor of YouTube.com, to create a celebrity entertainment channel on Veoh.
Once the channel is formally introduced in February, users will be able to watch and even upload celebrity-related clips on either Veoh or Usmagazine.com. Representatives of the companies declined to disclose the specific terms of the deal, an advertising and revenue-sharing partnership.
Mr. Wenner leads the privately owned Wenner Media while Michael D. Eisner, the former chief executive of the Walt Disney Company, is a major investor in Veoh and brokered the deal.