Saturday, January 13, 2007

Venice Project

"Janus Friis and Niklas Zennstrom roiled the music industry with their first venture and the telecom world with their next. Now, the Scandinavian entrepreneurs behind the KaZaA file-sharing software and Skype Internet calling are backing an online video start-up that could shake up the television and cable industries as well.
Their closely held venture, which goes by the code name 'The Venice Project,' promises to let users watch professional video such as TV shows and movies whenever they want on their personal computers with better image quality than many popular video sites. The free offering combines elements of traditional TV, such as channels that users can flip between, with Web functions such as chatting between users and keyword search for programs that consumers can then pull up on demand."

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