Joost in trouble
Joost was a hot online property at one point of time. It was pretty close to revolutionizing video on the web.
However, it was not to be. YouTube won the video on the web war and Joost had to discard its application model to go web only. Hulu is also another major rival.
The company is again in news for all the wrong reasons.
They are now cutting jobs in addition to customer service support. Joost is also losing their high profile CEO Mike Volpi.
Volpi would however continue to remain connected to the company as its chairman.
He said about the new developments: “In these tough economic times, it’s been increasingly challenging to operate as an independent, ad-supported online video platform.”
Joost is not disappearing as of now considering they have existing programming deals with major networks including CBS, Viacom and Warner Bros.
CBS, Digital Media, Graphics and Video, hulu, Joost, Mike Volpi, Viacom, Video, Warner Bros, Web Services, YouTube
Somanshu
Category: News| TechWhack on Facebook |
Adobe Apple Apple App Store Apple iPhone Apple iPhone 3G Apple iPod Touch Apple Mac Apple Operating Systems Beta/Preview Release Blogging Facebook Freeware Google Google Chrome Graphics and Video Linux Mac OS X micro-blogging Microsoft Mobile Applications Mobile Devices Mozilla Firefox New Release News News Office Suites Open Source Operating Systems Patch Fixes Security Alert Security Applications smartphones social networking Social Networks System Utility Twitter Web Browsers Web Browsers webmail services Web Services Web Services Web Stuff Windows Operating System Windows Vista Windows XP
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.