Good News/Bad News: Joost Gets $45 Million, Networks get Fewer Viewers

May 11, 2007

Good news: Today Joost announced they raised $45 million bucks with power VC firm’s from around the globe and a YouTube hating media giant. The deal brings together Index Ventures of the EU, Sequoia Capital of Silicon Valley fame, and the Li Ka-shing foundation run by Hong Kong based billionaire, Li Ka-shing. The international focus of the money flowing into the coffers of Joost is telling as is the participation of the GooTube hating crew at Viacom. The real shocker isnt that Joost got a butt load of money, its that with all the MBA’s, consultants, researchers, futurist and pundits, that are employed by the media companies only Viacom was smart or savvy enough to get in on the deal.

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Joost Signs Deal with CBS

April 12, 2007

screenhunter_002.jpgCBS just put out a press release announcing that they have cut a deal with Joost to show “first run and other premium content”. They are slated to launch content through the application in the spring and say that it will come from a bunch of the CBS divisions. The release says that they will make both new shows as well as previously aired stuff available via Joost. The content is supposed to included top rated shows like CSI: Hoboken and Survivor: Luxembourg.

Check out the full release here and watch for more details to come.


Sony Buys Grouper, Turner Peddles Ads

August 23, 2006

Sony Pictures Entertainment announced today that they were buying Grouper.com, one of the 30 plus UGC video sites attempting to unseat YouTube as the King of crap collection. The deal puts $65 million in the coffers at Grouper and CEO, Josh Felser, gets to keep his job. They say they may move the company towards advertising in the future but have no current plans to change the sites model or structure. You can read the press release here or just marvel at the word-smithing of Grouper’s CEO below.

“When you pair Grouper’s innovative video sharing platform on the web and the desktop with Sony’s connected devices and copyrighted media you create a dynamic and exciting environment for consumers,” said Grouper CEO and co-founder Josh Felser. “We have an opportunity, as part of the Sony family, to bring together user-generated and copyrighted content across platforms and devices for the first time.”

Someone need to let Josh know that for the last 10 years user generated content has been little more then copyrighted content flying across platforms and devices without the permission of companies like, say, I dont know, SONY. Read the rest of this entry »