Veoh Networks, which specializes in developing video-sharing technology for the Web, has filed for bankruptcy protection. CEO Dmitry Shapiro says the company’s fight with Universal Music Group and the sour economy forced Veoh to close its doors.
– Veoh Networks, a startup that had been
developing video-sharing technology for the Web, has filed for bankruptcy
protection, following a lengthy court fight over copyright infringement in the
context of the
sluggish U.S. economy.
In an open letter dated Feb. 11, Veoh CEO and founder Dmitry
Sh…