Veoh, the online video service backed by Michael Eisner, has turned off access to some part of its international users, in an effort to “refocus” the service where it can be monetized, that is, U.S. NTV confirms that it has blocked visitors from all but 33 countries from accessing its site, which a spokesperson says is only about 10 percent of its total traffic. The company has retooled its service a few times before, though hasn’t been able to shake-off the also-ran label as of yet...it decided to focus away from video sharing last year, and launched a direct streaming service which took online streams from other sites and gave a TV-like lean-back experience. That hasn’t been a huge hit either, and now the company says it would soon be enhancing its ad targeting and working to expand access beyond the PC, the story says. In the scheme of things, it could prove to be a smart move: focus your energy on where there is a chance of developing a business, and cut the burn from where you can. Especially, as the company is raising another round, as the NTV story mentions...it has raised about $40 million in three rounds from a big slate of investors including Spark Capital, Shelter Capital Partners, Time Warner (NYSE: TWX) Investments, Michael Eisner via his Torante investment vehicle, Tom Freston, Jonathan Dolgen, former Viacom (NYSE: VIA) Entertainment Group Chairman and CEO, and the law firm Ziffrin. The last one was a $25 million round in mid last year.

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