Friday, May 11, 2007

$45 Million Invested in Internet TV Venture - New York Times

Interesting the founders, after selling Skype to eBay, went for outside funding. 

Joost, a start-up that delivers television programming over the Internet, said Thursday that it had received $45 million in financing from venture capitalists and content partners including CBS and Viacom.

The company, based in Luxembourg and started by the creators of the Internet telephone service Skype, plans to use the money to expand its advertising, programming and marketing operations, said David Clark, executive vice president for advertising at Joost.

Source: $45 Million Invested in Internet TV Venture - New York Times

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