Joost gets bought

Chris Forrester ©RapidTVNews | 24-11-2009

Joost is more or less dead as a consumer product, now that Adconion Media Group has picked up the assets of the bankrupt internet peer-to-peer video broadcaster.

Some 60% of Joost's remaining staff will be absorbed into Adconion. It is a sad end for the project which won support from an enthusiastic band of users.

Adconion will now use Joost to supply its advertising-based services, and there's talk of a reincarnation of Joost but with monetisation very much to the fore.

© Rapid TV News 2009

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