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.
CBS 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.
After Steve Jobs dropped his anti-DRM bomb on the labels people immediately started talking about which label would be the first to wake up to MP3. Early money was on EMI being the first to buckle, largely because they are in the toughest financial position and Ted Cohen used to run the show. We’ll looks like the early money was wrong as EMI signs a streaming deal with Last.fm.
Today EMI announced a deal with Last.fm, giving Last.fm users the ability to stream music from EMI artists including: Corinne Bailey Rae (a damned good album), Norah Jones (a great album), KT Tunstall (damned good for a long drive), Keith Urban (kill yourself) and Robbie Williams (who?). Paid content has a good blurb on this and you can check out the original release here. Rumors are also swirling that Last.fm may fall to Viacom in the coming weeks.
As a Pandora user myself I dont really get the appeal of Last.fm, which seems far more cluttered and confusing then the elegant and simple Pandora. Maybe I dont have enough friends, if your on Last.fm add me as a friend up (in fact I’m friendless on Orkut too…).
“Were winning” they say! I’d have to agree.
Our favorite swashbuckling buccaneers over at the Pirate Bay have done it again. These guys have all the swagger, ambition and balls that their name implies. Its not enough that they want to buy an island to freely distribute the digital goodness we all crave, or that they continually embarrass and poke fun at the luddite content industries, now the merry bandits have started a new site dedicated to the Oscars. Aptly named the OscarTorrents the site has helpfully organized torrents of movies that have been nominated for Oscars in all 24 Oscars categories.
One of the many astute observations made by the street philosopher and urban griot, Bonty Killa, in his seminal work on the moral decay urban centers, Caan Believe Mi Eye, was his observation that “everybody wan go heaven but no body wan dead.” This is a perfect metaphor for the corporate relationship to innovation. All companies want the heavenly rewards that result from successful innovation but few are willing to allow legacy systems, processes, hierarchies, thinking and models to die so that they can get there.