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23 April 2009 20:31 by James "Dela" Delahunty
Joost, the creation of Skype and Kazaa founders Janus Friis and Niklas Zennstrom, is reportedly searching for a buyer among cable and satellite providers. Time Warner Cable has apparently expressed interest in Joost, which claims it could be a provider's online video solution. It is struggling amongst its growing competitors (Hulu, YouTube etc.), with that predicted bright future it would have nowhere to be found.
Like Skype and Kazaa, Joost was based around peer-to-peer (P2P) technology, which at the time of the launch was touted as a way to provide excellent quality video to a very large group of viewers using the software. It has been through several technology setbacks and a management shake up in the past couple of years, and it also has failed to get top TV shows and movies.
Earlier this month, Sony Pictures decided not to renew a licensing agreement with Joost, around the same time that the studio was inking a new deal with Google Inc.'s YouTube instead.
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| Topic: Online video
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Related articles:
Kazaa making a comeback, this time legit (19 July 2009)
Hulu going international soon (7 May 2009)
Hulu continues rapid growth in March (29 April 2009)
Joost giving up P2P (18 December 2008)
Joost adds iPhone app (30 November 2008)
Joost launches web-based video service (14 October 2008)
Joost moves to browser-based service (8 September 2008)
Joost joins with Meebo for chat (6 November 2007)
Joost CEO shows product off at trade show (14 October 2007)
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