Viacom seems to have cooled on Joost; is it headed to the Deadpool?
by Daniel LangendorfMay 23rd, 2008 | Posted in Net TV |
It looks as though the once high-and-mighty Joost is running out of juice.
Joost, the peer-to-peer Internet TV service that once raised $45 million in 2006 from investors such as CBS, Viacom, and Sequoia Capital Index Ventures, is revamping its tech platform [last100] with a Web-based service that requires only a plug-in to play in browsers. It’s due sometime this summer.
Currently Joost requires a downloaded desktop client to play peer-to-peer content. It works with Microsoft operating systems XP and Vista and Apple’s OS X (but Intel processors only).
The Web plug-in is clearly a move to stay afloat and relative amid the success of an online streaming site like Hulu, but two of Joost’s biggest investors, CBS and Viacom, have little to say about the service these days.
Viacom CEO Philippe Dauman was less than enthusiastic about Joost in an interview with paidContent, which asked: “Is the service where he [Dauman] thought it would be?”
“We come at Joost or any other platforms from the point of view that we cannot predict — nor did we in that case or any other case — predict which ones are going to be hugely successful, moderately successful, which won’t work,” he said.
OK then.
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