Last year I drew attention to Joost (at that time called "The Venice Project") as "one to watch". Joost is a commercial Internet TV service - with much more "TV-like" quality tham Google or YouTube - founded by the Danish entrepreneurs originally behind Skype. As I understand it, Joost uses a clever method, akin to file-sharing applications, to cause (large) video files to be distributed close to where users are calling for them, thereby economising greatly on the amount of storage and bandwidth that Joost itself needs to provide, piggy-backing on the storage and connectivity of users' own devices. Today the FT's Andrew Edgecliffe-Johnson reports that Joost has just raised USD 45m from four venture capital firms and various media groups.
FT article via Rafat Ali's invaluable PaidContent .
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