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Joost to scale back from video hosting, focus on behind-the-scenes services for other companies

MediaMemo: http://bit.ly/vzXik

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Computing | by Samuel Axon | Tue Jun 30, 2009 2:57PM | 0 comments

Streaming video site Joost, once billed as a potential YouTube rival, has announced that it will de-emphasize hosting videos to instead focus on providing back-end technical services to other companies. Layoffs and a CEO switch accompanied the announcement, and MediaMemo's Peter Kafka is calling this the first sign of a bust of less-popular video sites.

This story around the web:

Trusted sources:
external link Here Comes the Video Shakeout: Joost Scales… [mediamemo.allthingsd.com]
external link Here Comes the Video Shakeout: Joost Scales… [Techmeme]
external link Joost bows to YouTube, gives up consumer… [news.cnet.com]
external link Joost Forced To Reinvent Itself Again [Alley Insider]
external link Joost to Become a White-Label Provider, Volpi… [newteevee.com]
external link A Note About Today's Changes - Joost [blog.joost.com]

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Related company news:
Joost
Related glossary terms:
Streaming video
Related devices and services:
YouTube, Joost

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