Joost is said to be preparing a “major retrenchment” of staff as part of a restructure that will see Joost abandon its global ambitions for the US only.
According to the Sunday Times, Joost has struggled to convince media and sports companies to sell it global rights, which are usually offered on a country by country basis. The Times reports that Joost still has money in the bank and “Joost is unlikely to close, however. “There are too many egos involved,” said one former employee.” Joost denied that staff would be retrenched, saying only that “There are some situations where staff have been re-aligned to better fit our needs.”
There’s a time bomb out there with Joost’s name on it. Full-screen, broadcast-quality video streams—the main selling point of Joost’s peer-to-peer Internet TV client software—is quickly coming to the Web….the vast majority of that video is not exclusive to Joost. All the Internet TV services are lining up the same content. And better-quality video is not going to remain a differentiator for long.
Set up by Skype founders Niklas Zennstrom and Janus Friis, Joost offered much promise, but has failed to deliver anything unique at a time when online video became the hottest vertical on the web. The restructure cant hurt, but with ongoing intense competition, Joost may well be on borrowed time.






So
far, the Beatles catalogue has been one of few in existence not secured
by Steve Jobs and his iTunes enterprise. 








