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veoh dough

WHERE’D ALL THE DOUGH GO? But the UMG lawsuit didn’t burn through $70 million of investors’ money, noted Peter Kafka in All Things Digital.  At most, sources told him, the company spent $6-8 million on legal fees. The rest presumably funded Veoh’s YouTube-sized ambitions, as Kafka put it. Sources familiar with the company told him that during its go-go days, it was spending as much as $4 million a month on a bloated staff and infrastructure. But Veoh only generated something like $12 million in sales over its five-year life, and most of that was in the past couple of years. (2/16a)

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