Online TV service Joost have announced they have raked in $45 million from 5 different investors. The investors include CBS, Viacom, Index Ventures, Sequoia Capital and Li Ka-shing, the chairman of Hutchison Whampoa. CBS and Viacom have already provided content for the service but with other investment the service has been updated and i have seen the channel count rise from around about 10 to 150!
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Friday, 11 May 2007
Joost creators Janus Friis and Niklas Zennstroem who were also behind the music site Kazaa are making a good job of dropping their unpopular reputation by creating what is shaping up to be a top service!