Online video site, Veoh Networks announced its official launch today and revealed a slew of new features with it. It's clear that Veoh is wasting no time to catch up to its rivals and is branching out to share the wealth with its publishers.

For video publishers, Veoh has expanded its syndication offerings that lets video publishers upload videos once to Veoh and automatically syndicate them to major video sites to include Facebook; the publishers' own blogs; RSS feed syndicators; iPod; and Windows Media players. Video could already be syndicated to many other large sites including YouTube, Google Video and MySpace.

Veoh also expanded it's reporting features and offers cross-site reporting. With this feature, Veoh publishers can now monitor their audiences across the major video web sites from their Veoh account.

Further differentiating Veoh in the marketplace is its ability to distribute video content of any length at DVD-quality. Unlike other video distribution sites that offer "video snacking" of short, grainy clips, Veoh allows its publishers to upload videos of any length or file size for distribution. Due to its peer-to-peer network design, Veoh is able to distribute large files without rapidly scaling server costs.

Veoh offers video publishers a range of choices to earn revenues. Publishers choose advertising, paid content, or a mix. If they choose advertising, they can sell advertising or have Veoh do it for them. If they opt for paid content, they can choose from multiple options including pay-per-view, pay-to-own or subscription.

For viewers, Veoh has expanded its Veoh Player and added the ability to download programs from other sites on the Internet.

On top of all of this, Veoh has formed additional content partnerships with US Weekly, United Talent Agency, TNT, Bennet Media, Paramount Pictures and New Line Cinema. Veoh launches the TV Guide channel this week.