Michael Eisner, the former boss of Disney and a serious convergence advocate has made his move to enter the convergence market. Eisner has invested in Net technology start-up "Veoh."

On the site, "Veoh revolutionizes television again by leveraging the Internet to expand broadcast capacity to the point that every single user, whether an individual or a media company, can create their own 'channel' and every 'channel' can be supported by its own business model," claims Eisner. "In the past, distributing television programming required an enormous broadcast infrastructure. Veoh enables anyone with an Internet connection to distribute and receive programming in the highest quality."

There is Canadian start-up with capabilities that exceed those offered by Veoh but they're in Canada not California and our VCs are just beginning to wake up to the potential of this market.