July 1, 2009

Joost bows to YouTube, gives up consumer video

joostcapture.jpg

Joost, the third major creation by Niklas Zennström and Janus Friis, the duo that also founded Kazaa and Skype, announced Tuesday that it will dump its consumer-video service and will now focus on building "white label" video platforms for "cable and satellite providers, broadcasters and video aggregators." The move marks the end of Joost as a YouTube and Hulu competitor.

[via News.com]

emily | 7:46 AM | News | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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