Add former Viacom honchos Tom Freston and Jonathan Dolgen to the list of former TV execs betting on Veoh. Investments by Freston’s Firefly3 LLC and Dolgen’s Wood River Ventures are among the latest to the “Powerhouse Veoh Investor Team.”

Life for former network heads isn’t too shabby, there’s no shortage of consulting gigs to keep them busy. But both Freston and Eisner forced out by their respective networks no doubt have ambitions to run a major entertainment company again. And they appear set on making Veoh that company.

Said CEO Steve Mitgang:

“These new team members, along with our existing advisors, will help us build the bridges between historic and emerging media business models that are necessary to drive even more innovation and greater variety in Internet Television.”

The preemptive suit filed against UMG last month signals that Veoh’s investors are willing to bet big bucks that laws will adapt to reflect “the way hundreds of millions of people legitimately exchange information, news, entertainment and political and artistic expression.” We may be early in the online video game, but Veoh is in for the long haul.

This entry was posted on Wednesday, September 12th, 2007 at 1:01 pm and is filed under Deals, Funding, News, Video Portals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.