NEWS: Viacom lands video deal with Joost

News/Web Culture/IPTV
Found on: reuters.com

If you don't know what Joost is by now, here's the skinny: the boys that started Kazaa and Skype recently launched a new Ad-supported internet TV service, leveraging the P2P technology that they used to make Kazaa what it was back in the day (totally sucks now) and Skype what it is today.

Fast forward to this story; earlier this week Viacom agreed to provide video content to Joost and it's users in return for a piece of the pie - huge!

Reuters post:

Viacom Inc., engaged in a public copyright battle with Google Inc.'s YouTube, has agreed to offer videos to Joost, the Internet video service created by the founders of Skype and Kazaa.

Viacom said on Tuesday hundreds of hours of TV programing from its MTV and BET Networks and feature-length films from Paramount Pictures will be available to Joost users for free under a revenue-sharing deal between the two companies.

It did not disclose financial terms, but an industry source said Viacom was likely to have secured a slightly better agreement than its traditional deals to receive two-thirds of advertising revenue.