VideoEgg is a web-based publishing service that allows users to capture video content from virtually any device and format and publish it to the web. VideoEgg Inc. was formed in 2005 by three Yale University students.[1][2]
In September 2006, VideoEgg started to sell advertisements through the new Eggnetwork after it raised $12 Million in funding from Maveron, August Capital, and First Round Capital in exchange for about 20% of the company.[3][4] People can upload videos straight to blog sites like bebo, piczo, and AOL
In April 2007, WPP acquired a minority stake ($3.5 million) in VideoEgg. [5]
In September 2007, VideoEgg raised $15 million to build out their video ad network.[6]
In June 2008, VideoEgg and one of its partner websites, hi5, were sued in the United States by EMI recording labels and music publishers. The plaintiffs allege that both services are liable for copyright infringement, due to videos uploaded by hi5 users through the VideoEgg application, and seek injunctions against the allegedly infringing activity.[7]
References
- ^ About.com, September 19, 2005.
- ^ TechCrunch, September 21, 2005.
- ^ "VideoEgg Gets a Jolt of VC", Business Week, September 27, 2006.
- ^ "VideoEgg Receives $12 million in funding from Maveron, August Capital, and First Round Capital", PR Newswire, September 28, 2006.
- ^ "WPP acquires stake in VideoEgg, US-based video advertising specialists", WPP press release, April 16, 2007.
- ^ "$15 Million For VideoEgg As They Redefine Their Business", TechCrunch, September 4, 2007.
- ^ Capitol v. VideoEgg, Complaint (United States District Court for the Southern District of New York, 2008).
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