Headlines

October 15, 2009

Skype Founders Stop Suing People Long Enough for Music Startup, Rdio... Video Venture Joost Goes Bust in UK...

TechCrunch | Read Full Story >

Techcrunch:

Little is known about the ’secretive’ startup, and its website reveals nothing but the logo at this point. NYT reporter Brad Stone writes that the upstart boasts offices in both Los Angeles and San Francisco and that it’s going to offer a paid subscription-based music consumption and purchasing platform for both PCs and mobile phones, starting early next year.

Guardian:

But Joost underperformed. It began redundancies in summer and nobody was surprised when, two weeks ago, David Rubin & Partners LLP, a London-based firm of licensed insolvency practitioners, announced “Joost UK Limited, the online video company and wholly owned subsidiary of Netherlands based company Joost Technologies BV, has entered into liquidation. The company had failed to sustain a significant share of the internet video industry and was unable to address this effectively through a re-positioning of its services”.



Click Here