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Joost, TOM team for Web venture

FROM VARIETY: New site will feature 16,000 hours of content

By Clifford Coonan and Patrick Frater of Variety -- Video Business, 7/23/2008

JULY 23 | FROM VARIETY: BEIJING – Internet video firm Joost, started by the founders of Skype, is today launching a venture in China.

It has teamed up with the Hong Kong-based TOM Group and will bow a jointly branded service joost.tom.com with 16,000 hours of content. This is licensed from local creators including CCTV, China Record Corp, BTV Media, CAV Warner Home Entertainment and Huayi Brothers Media Group, according to news agency reports.

Read the full story on Variety.com.

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