Like Skype and Kazaa, Joost was based around peer-to-peer (P2P) technology, which at the time of the launch was touted as a way to provide excellent quality video to a very large group of viewers using the software. It has been through several technology setbacks and a management shake up in the past couple of years, and it also has failed to get top TV shows and movies.
Earlier this month, Sony Pictures decided not to renew a licensing agreement with Joost, around the same time that the studio was inking a new deal with Google Inc.'s YouTube instead.
Written by: James Delahunty @ 23 Apr 2009 20:31
