Fred Destin

Viacom sues YouTube for $1bn and invests in Joost, as the media world’s P2P friend raises the stakes with its $45M raise.  I presume most of this will go on content related Minimum Guarantees and building a fanstatic media management backend.  Wow.  The battle lines are drawn between Google and the Media world.  And Index keeps floating into the stratosphere.  Fantastic stuff.

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