Friday, 11. May 2007
Topic: VIDEO - on May 11, 2007 at 2:14:00 PM CEST
Joost reveals five new investors
Joost, the on-demand video service from the founders of Skype, has raised $45m (£22.8m) from five investors including the broadcasters CBS and Viacom.
Janus Friis and Niklas Zennstroem set up Joost in January 2006 to offer broadband users full-screen, high-quality video on their computers.
CBS and Viacom are already content providers for the service.
The other investors are Index Ventures, Sequoia Capital and Li Ka-shing, the chairman of Hutchison Whampoa.
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