"... Veoh software, installed on consumers’ PCs or Macs, creates a virtual television network that is able to distribute TV-quality, full-screen broadcast video to hundreds of millions of users with broadband Internet connections. Motion picture studios, television networks, organizations and individuals can publish unlimited amounts of broadcast video content to the network, providing consumers with unparalleled choice in television programming and control over their viewing experience. VeohNet was specifically designed to provide DMCA compliance, while traditional systems do not take compliance into account enabling the rampant piracy of intellectual property. A beta version of Veoh’s software and service will be available later this month. Content producers and consumers are encouraged to visit www.veoh.com to sign up for notification upon launch. ..." Link: Veoh press release.
"... Because Veoh delivers television programming over the internet, it is unencumbered by restrictions imposed on traditional broadcasters by the Federal Communications Commission (FCC), and the traditional costs of broadcasting. This allows broadcasters to produce innovative new content that has never been seen on television, and distribute that content throughout the world. Veoh provides a secure delivery system that prevents piracy and provides publishers unprecedented control over their content. ..." Link: Veoh.com home page.
Actually, it's revenue from audiences that enables broadcasters to produce innovative new content. Thanks to David Liroff for the tip. --Dennis