(Reading this New York Times story on VeohTV reminded me of the feature I did on Joost that ran in the newspaper on Saturday, so I thought I would cross-post it here for anyone who missed it.)
Janus Friis and Niklas Zennstrom, the dynamic duo who revolutionized the online-music business with Kazaa and then the voice-over-Internet business with Skype, have their sights set on doing the same thing to the television industry with their latest creation: an Internet-based "network" called Joost.
Joost - formerly known as The Venice Project - streams TV-style content over the Web using "peer-to-peer" technology in which each viewer's computer becomes a hub that streams the content to others. The service is in a limited "beta" trial, and is expected to launch later this summer.
The Scandinavian co-founders (Friis is Danish and Zennstrom is Swedish) had two very different outcomes with their previous ventures. Kazaa was sued into oblivion - the company paid a $100-million (U.S.) settlement earlier this year - while Skype was sold to eBay for $2.6-billion (U.S.).
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