"To fund Veoh’s YouTube-sized ambitions, apparently. Sources familiar with the company tell me that during its go-go days, it was spending as much as $4 million

"To fund Veoh’s YouTube-sized ambitions, apparently. Sources familiar with the company tell me 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 5-year life, and most of that was in the past couple years, sources said." source:http://mediamemo.allthingsd.com/20100211/universal-music-group-didnt-help-veoh-but-it-didnt-kill-it/ http://mediamemo.allthingsd.com/20100211/universal-music-gro...