Michael Eisner - who, after reigning over Walt Disney with an iron fist, was forced out of Disney last year following a shareholder disagreement - has made his first move as a private-equity investor by joining with Time Warner Investments, which is the world's largest media company's venture-capital division, to support Veoh Networks, a small internet TV company, writes the New York Post (via MediaBuyerPlanner). Eisner will serve on Veoh's board of directors and has contributed an undisclosed portion of the $12.5 million needed to finance the project.

"Veoh is a community of publishers and consumers, where published content is approved by editors, and consumers are assured that they get what they request," said the company in a statement.

Eisner has also tested his skills as a talk show host on CNBC's twice-a-month "Conversations With Michael Eisner." However, his first show - featuring Sony boss Sir Howard Stringer and Martha Stewart - received poor ratings.