Joost Programs $45M Funding

Greg Galitzine : Greg Galitzine's VoIP Authority Blog
Greg Galitzine

Joost Programs $45M Funding

I want my J-TV!
 
So say some wealthy investors, including CBS, Viacom, Li Ka-shing (through a charitable fund), Sequoia Capital, and Index Ventures.
 
Joost — the Internet television service launched by Skype co-founders Janus Friis and Niklas Zennstrom — today announced that five selected parties have collectively invested approximately $45 million in the company. Each party invested in a minority percentage of the company.
 
Unfortunately I feel I don’t have enough time to spend with the service, but I have to admit, I’m impressed with the quality when I do spend a few minutes watching (usually when I’m showing the service off to one of my colleagues).
 
Joost recently announced it had landed content deals with some major players, including Viacom and Warner Bros (WBTV).
 
Of note to most techies, one of the two WB channels that will appear on Joost is SCI-FI FIX. The channel will feature programs including Adventures of Briscoe County, Aquaman, Babylon 5, Crusade, Max Headroom, My Favorite Martian, and V.
 
 


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