So much for the YouTube competitors. The owners of Veoh, a video portal that claims to have millions of users worldwide, has said it has enlisted the help of Equity Partners CRB to explore strategic options for the company, including a sale. "The company intends to focus solely on commercialization of its proprietary social video offerings," owners Qlipso said in a statement (embedded below).?The move is a sign that even with large audiences (but perhaps not large enough) video portals are facing some challenges monetizing under their existing, ad-based business models. And it may be a further sign that Veoh specifically has faced challenges in growth following lawsuits from big media, a bankruptcy in 2010, and its sale to Qlipso shortly after. Veoh, which focuses on premium rather than user-generated content, says it currently has 3 million pieces of content in its catalog, along with revenue-sharing partnerships with ?TV, cable, music and other brands worldwide. The company had raised some $80 million from investors that include Intel Capital and Michael Eisner.Source: http://feedproxy.google.com/~r/Techcrunch/~3/-Vgixy80JKw/
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