Video Site Veoh Files For Bankruptcy

Online video website Veoh has announced it will be shutting down and filing for bankruptcy.

Veoh launched in 2005 and its backers included Shelter Capital, Spark Capital, Michael Eisner’s Tornante Company, Goldman Sachs, Time Warner, Intel Capital, Adobe, Gordon Crawford, Firefly3 and Jonnathan Dolgen. Those backers supported Veoh with $70 million in investments.