The number of video-sharing sites seems to rise every day. MySpace (NWS) has gotten on board. So has photo site Photobucket. But Google’s YouTube (GOOG) remains the largest.
And, several large media companies are angry at YouTube because it won’t properly police pirated content that the media companies might charge for. The argument may be thin, but it counts for something at the media giants.
Viacom (VIA) recently got upset with YouTube and asked it to take down about 100,000 clips of content that belongs to the big media company.
And after getting the knife in, Viacom gave its a twist.
Viacom has signed a deal to distribute its content on Joost. Joost has vowed that it will protect Viacom’s content.
Joost is not just another start-up. It is backed by the founders of Skype whose pockets are bulging with billion of dollars from the sale of the VoIP company to Ebay (EBAY). These are the same people who started wildly successful file-sharing company KaZaa. Joost uses peer-to-peer technology to deliver its content.
Being YouTube is not as good as it used to be. The content companies are always crying about their goods being stolen. And, now, there may be some real competition.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.