Joost

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For other uses, see Joost (disambiguation).
Joost
Joostlogo.png
Joost.PNG
The Joost homepage in May 2009
Developer(s) Joost N.V.
Stable release none (n/a) [±]
Preview release 1.1.7 / June 18, 2008; 6 years ago (2008-06-18)
Development status Suspended (2012)
Operating system Windows XP, Vista;
Mac OS X (x86 only), iOS, PlayStation 3
Available in English
Type P2PTV
License Freeware
Website www.joost.com

Joost /ˈst/ was an Internet TV service, created by Niklas Zennström and Janus Friis (founders of Skype and Kazaa). During 2007-2008 Joost used peer-to-peer TV (P2PTV) technology to distribute content to their Mozilla-based desktop player; in late 2008 this was migrated to use a Flash-based Web player instead.

Joost began development in 2006. Working under the code name "The Venice Project", Zennström and Friis assembled teams of some 150 software developers in about six cities around the world, including New York, London, Leiden and Toulouse. According to Zennström at a 25 July 2007 press conference about Skype held in Tallinn, Estonia, Joost had signed up more than a million beta testers, and its launch was scheduled for the end of 2007.[1]

The team signed up with Warner Music, Indianapolis Motor Speedway Productions (Indianapolis 500, IndyCar Series) and production company Endemol for the beta.[2] In February 2007, Viacom entered into a deal with the company to distribute content from its media properties, including MTV Networks, Black Entertainment Television (BET) and film studio Paramount Pictures.

The company went through restructuring several times and sold most of its assets in 2009; it suspended operations in 2012.

Technology[edit]

P2PTV overlay network serving three video streams.

The program is based on P2PTV technology and is expected to deliver (relaying) near-TV resolution images. It turns a PC into an instant on-demand TV with no need for an additional set-up box. News updates, discussion forums, show ratings, and multi-user chat sessions (often linked to the active stream/channel) are made possible through the use of semi-transparent widget overlays.

The initial version of the software was based on XULRunner and the audio management re-uses the ZAP Media Kit. The peer to peer layer for on-demand video comes from the Joltid company, which also provided the peer to peer layer of Skype. A peer to peer layer for live video was developed from scratch, with a first trial run broadcasting March Madness 2008.[3] The video playback uses the CoreCodec, CoreAVC H.264 video decoder.

Joost soft launched its Widget API on August 29, 2007 under a non-copyleft open source license and encourages third party developers to create tools for its TV 2.0 platform.

In 2009 Joost released a special website for the PlayStation 3 Internet browser that took advantage of some of the browser's full screen and 'x' button capabilities. By holding the 'x' button you can choose various video options using the d-pad.

As opposed to streaming technology in which all clients get the feed from the server, P2P TV technology differs in the sense that the servers serve only a handful of clients; each of the clients in turn propagate the stream to more downstream clients and so on. This moves the distribution costs from the channel owner to the user.

Financing[edit]

As co-owners of Skype, Friis and Zennström received part of a $2.6 billion cash payment when eBay acquired Skype in 2005, which easily covered the development and marketing cost of their Joost venture. Just a week after launching the service, the founders announced that they had raised an additional $45 million.[4] Sequoia Capital, which backed Yahoo, Google and YouTube; Index Ventures, an early investor in Skype; Li Ka-shing, the Hong Kong tycoon; and CBS, the US media group, have all taken “small minority” stakes in the start-up. Viacom is also understood to be among the partners, although the nature of its backing has not been disclosed.

The Joost service is ad-supported, with advertising analogous to that shown on traditional TV, according to former CEO Fredrik de Wahl.[5] Joost has 40 advertisers, including Sony Pictures, BMW, and Sprite.[6] Aside from injected video-advertisements, it serves additional interactive advertisements via overlays and short pop-ups that are clickable.

History[edit]

Viacom, Inc., and Joost entered into a content provider agreement for the Joost platform on February 20, 2007. Under the agreement, divisions of Viacom (including MTV Networks, BET Networks and Paramount Pictures) will license their "television and theatrical programming" to Joost.[7] This came shortly after Viacom requested 100,000 potentially infringing videos to be removed from YouTube.com, which showed a preference by Viacom for the Joost platform over YouTube.[8]

As of 2007, Joost had licensing agreements in place with Ministry of Sound TV, Aardman Animation, Warner Music, the production company Endemol, Fremantle Media, RDF Media, Diversion Media,[9] CBS[10] and CenterStaging's rehearsals.com.[11] On May 1, 2007, Joost signed a deal to distribute NHL content, including full game replays of the Stanley Cup Finals, and vintage games.[12] Bollywood distributor Eros International also announced a deal with Joost in 2007.[13] The majority of the content on Joost was restricted to users in the United States of America, due to lack of international licensing arrangements.

The company's first CEO, Frederick de Wahl,[14] was succeeded by Mike Volpi in June 2007. [15] Volpi stepped down in July 2009 amidst a round of job cuts, being succeeded by Matt Zelesko.[16][17] Volpi blamed the content companies for sidelining Joost.[18]

On December 17, 2008, Joost sent an email to its customers explaining that the project was moving to a website-only model, and that the Joost application would stop working Friday, December 19.[19]

Joost's UK subsidiary was liquidated in 2009.[20] On November 24, 2009, Adconion Media Group announced that they would be purchasing the company's assets for an undisclosed amount.[21][22] Both companies have Index Ventures as a major investor.[23]

On 30 April 2012 the joost.com website announced, without further explanation: "We are re-evaluating the Joost.com purpose and services. For the near-term we have decided to suspend the site to allow for a full re-evaluation."[24] In May 2012, Adconion rebranded and folded Joost Media into smartclip, another company they had previously acquired.[25] Zennstrom has written a post-mortem analysis of the company, due to appear in 2014 in the upcoming Apress book When Founders Fail.[24]

See also[edit]

References[edit]

  1. ^ Kidman, Angus (25 July 2007). "1 million Joost users prepare for year-end launch". APC Magazine. ninemsn Pty Ltd. 
  2. ^ Orlowski, Andrew (January 17, 2007). Joost - the new, new TV thing. The Register
  3. ^ "Joost Gets Live With Free March Madness — Tech News and Analysis". Newteevee.com. 2008-03-11. Retrieved 2013-10-04. 
  4. ^ Joost CEO: We've Figured It Out This Time - Business Insider
  5. ^ Sandoval, Greg (2007-01-16). "Skype founders name new video start-up Joost". CNET. CBS Interactive. 
  6. ^ Clark, David. "David Clark, EVP and GM Joost". PLM. Retrieved 2007-11-21. 
  7. ^ "Joost". Joost. Retrieved 2013-10-04. 
  8. ^ Tew, Chris (2007-02-20). "Viacom: "Good-bye YouTube, Hello Joost!"". webtvwire.com. 
  9. ^ "Exclusive: Joost Partners with Diversion Media". Mashable.com. 2007-03-20. Retrieved 2013-10-04. 
  10. ^ Glauser, Stephen. "Joost shows more promise with CBS deal". Too Real. Retrieved 2007-04-13. 
  11. ^ [1][dead link]
  12. ^ [2][dead link]
  13. ^ Eros links with Joost | Variety
  14. ^ Mansfield, Barry (2007-11-01). "Joosting for Power". CNBC European Business. London, Ink Publishing. 
  15. ^ Cisco veteran joins Joost
  16. ^ Web video site Joost cuts service, jobs, CEO goes
  17. ^ Former Joost CEO Gets New Gig as VC — Tech News and Analysis
  18. ^ Interview: Mike Volpi: Broadcasters’ Own VOD Plans Killed Joost — paidContent
  19. ^ Reisinger, Don (2008-12-17). "Joost kills software application". CNET. CBS Interactive. 
  20. ^ More dramatic developments after the liquidation of Joost UK | Media | theguardian.com
  21. ^ Summers, Kerry Vance (2009-11-24). "Adconion Media Group acquires Joost assets". Adconion Media Group. 
  22. ^ Joost Sells Off Scraps
  23. ^ Joost Is Now Officially Dead – Assets Acquired By Adconion Media Group techcrunch
  24. ^ a b http://www.springer.com/business+%26+management/book/978-1-4302-5095-1
  25. ^ Final Nail In The Joost Coffin: Adconion Rebrands, Folds Video Service Into Smartclip

External links[edit]