It's apparently just around the corner. It's called the Venice Project (or Joost) and it's brought to you by the makers of Kazaa and Skype.
Could this be the breath of fresh air the waning music video industry has been waiting for? Money quote:
"Zennström and Friis are making a run straight at the most reliable early adopters: young men. Watch for sci-fi shows, rock videos, sports, comedy—anything with a testosterone angle. Deals are in the works with the three music majors, plus top US broadcasters and cable channels."
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