Thursday, July 02, 2009

Future on online video looks shaky

Seems like online video is dying expensive deaths $45m went into Joost which seemed to have every chance of succeeding when it launched as The Venice Project in October of 2006. Early hype made it a much in demand start-up, with everyone wanting to test the new high quality, on-demand video streaming it is dying

But Pirate Bay has been sold for a cool $7.7 million, is enough to pay the $3.6 million in fines racked up by the four co-founders of the site in their recent court case, and have enough left over to ensure they never have to work again, or at least be able to walk away from the whole thing better off than when they began But what happens to the illegal downloads which the site is based upon? more

What does this mean for our own which hopes to forge a path for activist video online

1 comment:

hamish said...

The project is based on P2P so the costs of online video is not relevant, we only use streaming as its free at moment - when it stops we stop using it, the project is fine with the failer of mainstream web video. Actually it was based on the failer of mainstream web video from the beginning (: