More details on the latest from Janus Friis and Niklas Zennström
Unlike Kazaa, the Venice Project won't let people illegally trade copyrighted works. Instead, the company is in talks with media and TV companies to create ad-supported channels for full-length, professional content. Individuals can also upload videos. "People love to watch TV," says Friis. "And people love the Internet because of the choice and the social qualities. We're trying to bring the best of both worlds together."
Source: What Comes After YouTube