Veoh Goes Bankruptcy and Adobe CS5 IS COMING!

[Nirvaxstiel]

Veoh's Bankruptcy news:

IDG News Service - Video Web site Veoh Networks is bankrupt and its assets will be sold off to repay creditors, the company's top executive announced Friday.

Dmitry Shapiro, Veoh's founder and CEO, blamed the company's collapse on a costly legal battle with Universal Music Group, which Veoh ultimately won, and a difficult economic environment.

"Unfortunately, great vision, a passionate team, tens of millions of users, millions in revenues and victory in court were not enough. The distraction of the legal battles, and the challenges of the broader macro-economic climate have led to our Chapter 7 bankruptcy," he wrote in a blog post.

Unlike Chapter 11 bankruptcy, which allows a company to reorganize its business and repay its creditors over time, Chapter 7 calls for the sale of the debtor's assets, with proceeds used to repay creditors.

Veoh, which allowed users to watch TV shows and other video content, raised US$70 million from investors but couldn't generate enough cash to stay afloat. Veoh had 28 million users per month and was on a "run rate" of $12 million, Shapiro said, apparently referring to the company's revenue.

However, a company's run rate is not the same as its actual revenue. A run rate takes a company's actual revenue and growth over a given period and uses these figures to forecast what revenue for an entire year.

Shapiro's blog post didn't reveal Veoh's actual revenue or the amount the company owes its creditors.

"This chapter of our lives has come to an end, but a bright new chapter will soon begin, and I assure all of you reading this, that we have lots of important work ahead of us. Stay tuned, you will hear from us again!" he wrote.

Information was took from here

Adobe CS5 Release news:

here: http://cs5launch.adobe.com/?promoid=FDMOJ [/b]

[Yandols]

Veoh goes Bankrupt? FINALLY AT LONG LAST!!
Thats what they get for banning so many countries from accessing Veoh.

[Nirvaxstiel]

true, i agree it nearly banned japan >_> or did they... i dun remember

[Nirvaxstiel]

veoh is back, ITS ONLINE YAY I CAN FINALLY WATCH ANIMES WITHOUT WAITING FOR THEM TO REUPLAOD STUFF ANYMROE WOOOT

[Yandols]

Veoh is back? Crap, NOOOOOOOOOOOOOOOOOOOOOOOOOO!!!! >__________>
Whoever that helped them must be some company that is aiming an EPIC FAIL.

[CHM-Mayune]

Nuuuu!! I hate their 5 minute preview!!

At least, I only used CS4 for like 2 weeks and haven't used to it's workspace and now there's CS5?!

[Nirvaxstiel]

err just dl the veoh web playa i got it and i watched the full lengths =D

[Yandols]

Good for you cause you live in JAPAN!!

Here is a list of countries that are banned from using Veoh.

1.afghanistan
2.albania
3.algeria
4.andorra
5.angola
6.antigua and barbuda
7.argentina
8.armenia
9.azerbaijan
10.bahamas
11.bahrain
12.bangladesh
13.barbados
14.belarus
15.belize
16.benin
17.bhutan
18.bolivia
19.bosnia and herzegovina
20.botswana
21.brazil
22.brunei
23.bulgaria
24.burkina faso
25.burundi
26.cambodia
27.cameroon
28.cape verde
29.central african republic
30.chad
31.chile
32.colombia
33.comoros
34.congo
35.costa rica
36.côte d’ivoire
37.croatia
38.cuba
39.cyprus
40.czech republic
41.djibouti
42.dominica
43.dominican republic
44.east timor (timor timur)
45.ecuador
46.egypt
47.el salvador
48.equatorial guinea
49.eritrea
50.estonia
51.ethiopia
52.fiji
53.gabon
54.gambia, the
55.georgia
56.ghana
57.grenada
58.guatemala
59.guinea
60.guinea-bissau
61.guyana
62.haiti
63.honduras
64.hungary
65.iceland
66.india
67.indonesia
68.iran
69.iraq
70.jamaica
71.jordan
72.kazakhstan
73.kenya
74.kiribati
75.korea, north
76.kuwait
77.kyrgyzstan
78.laos
79.latvia
80.lebanon
81.lesotho
82.liberia
83.libya
84.liechtenstein
85.lithuania
86.luxembourg
87.macedonia
88.madagascar
89.malawi
90.malaysia
91.maldives
92.mali
93.malta
94.marshall islands
95.mauritania
96.mauritius
97.mexico
98.micronesia
99.moldova
100.mongolia
101.montenegro
102.morocco
103.mozambique
104.myanmar (burma)
105.namibia
106.nauru
107.nepal
108.nicaragua
109.niger
110.nigeria
111.oman
112.pakistan
113.palau
114.panama
115.papua new guinea
116.paraguay
117.peru
118.qatar
119.romania
120.rwanda
121.saint kitts and nevis
122.saint lucia
123.saint vincent and the grenadines
124.samoa
125.san marino
126.sao tome and principe
127.saudi arabia
128.senegal
129.serbia
130.seychelles
131.sierra leone
132.singapore
133.slovakia
134.slovenia
135.solomon islands
136.somalia
137.sri lanka
138.sudan
139.suriname
140.swaziland
141.syria
142.tajikistan
143.tanzania
144.thailand
145.togo
146.tonga
147.trinidad and tobago
148.tunisia
149.turkey
150.turkmenistan
151.tuvalu
152.uganda
153.ukraine
154.united arab emirates
155.uruguay
156.uzbekistan
157.vanuatu
158.vatican city
159.venezuela
160.vietnam
161.western sahara
162.yemen
163.zambia
164.zimbabwe

Wow. That’s more than half of the world isn’t it?
Why did Veoh block so many countries? and why did they do it? This is stupid.
Veoh is just stupid, right from the start.
So in other words.

VEOH SUCKS, YOU CAN KISS MY ASS AND GO TO HELL VEOH!! EOS.

[Nirvaxstiel]

lol but i could still watched when i was in malaysia and singapore... wweeeiiirrdd

[nopihina]

I agree to CS....

[Nirvaxstiel]

dun ignore meh post >_>

[Yandols]

VEOH SUCKS, YOU CAN KISS MY ASS AND GO TO HELL VEOH!! EOS.

Don't you ever forget that.

[Nirvaxstiel]

kk chill, but u should be gratefull cuz many players of animes like space player get their vids from veoh, without it, people might not even able to find videos till the webmasters upload them and it'll take a long time >_>

[CHM-Mayune]

Yush! Philippines isn't block, but still, I hate Veoh for doing this D:<
It's like you just lost to a game and can't get through it.

[nopihina]

Veoh blocked many countries. Only allowing big countries to enter >_< . It is very unfair. Its like rich people gets many things while poor people dont.