Feeds

Joost jettisons chairman

Investigation launched

The Essential Guide to IT Transformation

Joost, the struggling web telly firm started by the men behind Skype, has sacked its chairman, Mike Volpi, who was bumped from his position as chief executive at the end of June.

The company is also investigating exactly what he's been up to in the last few months.

The probe is believed to centre on the company's peer-to-peer technology - the same technology used by Skype under license from Joltid - owned by Skype's founders.

Joost told the Times: "Mr Volpi was removed from the board of directors and from his position as chairman of Joost by shareholder vote. The company and its board of directors [are] conducting an investigation into Mr Volpi's actions during his tenure as CEO and as chairman."

eBay, which recently sold Skype at a loss, is going to court next year to settle licensing issues around that same P2P technology.

Joost was started by the Skype founders, Niklas Zennstrom and Janus Friis, in 2007. It began life as a peer-to-peer video service but failed to get content companies on board. Then it moved to offering browser-based video but again failed to find decent content. Most recently it has been offering its services to white label the technology to other firms. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.