"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-gro...