Video 2.0. The Future of online entertainment. Founded in February 2005 by three former employees of PayPal. Utilizes Adobe Flash technology to display video. In October 2006, Google Inc. announced that it had reached a deal to acquire the company for $1.65 billion in Google's stock.
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Flawed tagging system
Problem similar to meta-data descriptions in the old days of Internet searching
Relatively difficult to find videos
Search depends on flawed tagging system and title of video
Legality of certain content is still in question
Ads are shown at certain points during the episode.
Similar to commercials on television.
High quality legal content
Updates are quick and guaranteed
Can be viewed on any computer with an Internet connection (ABC)
Limited to the shows that are available on the website
Required to install an ActiveX control, which only works on Windows with Internet Explorer (FOX)
Ads are repetitive and become annoying
Joost is an interactive software for distributing TV shows and other forms of video over the Web using peer-to-peer technology, created by Niklas Zennström and Janus Friis (founders of Skype and Kazaa).
The teams are currently in negotiations with TV networks. It has signed up with Warner Music and production company Endemol for the beta.
In February 2007, Viacom entered into a deal with the company to distribute content from its media properties, including MTV Networks, BET and film studio Paramount Pictures.
High Quality videos
Bandwidth issues are gone due to P2P
Currently in the alpha stages of development
Aims to index television, coupled with an easy-to-use interface
Aims to fix flaws and problems seen in other internet video services.
Allows networks to directly profit from video views by using an innovative advertising technique
Advertisements are not as annoying as banner ads and can be targeted towards a specific audience
Allows users to tag any video they watch, utilizing social intelligence for a possibly better search
A voting system similar to digg to ensure only correct, popular tags are given priority
“Channels” can be created and shared where similar shows are continuous played.
Users can recommend shows to their friends. Recommendations can also generated based on viewing habits.