Feeds

Joost UK goes titsup

Web telly firm jettisons office furniture

Choosing a cloud hosting partner with confidence

Joost, the web telly firm founded by the blokes behind Skype, has liquidated its UK subsidiary.

As reported by The FT and TechCrunch Europe, Joost UK was put into liquidation earlier this month, yet another step in the slow decline of the Netherlands-based outfit.

This summer, unable to hook up with the world's big-name media companies, Joost bumped CEO Mike Volpi from his post and rejigged its business model. Then, in mid-September, it booted Volpi from his post as chairman, before suing him amidst allegations of leaked trade secrets.

Famously, Joost was founded by Niklas Zennstrom and Janus Friis, the dudes behind the peer-to-peer file sharing service Kazaa and the (semi-)eBay-owned VoIP service Skype. As they juggle lawsuits against both Volpi and ebay, the two are now setting up a music subscription service dubbed Rdio.

One can only imagine what legal fun this venture will bring.

Joost retains operations in the Netherlands and New York, but on October 2, the company called for an end to its UK arm. Liquidators tell The FT that Joost retains a skeleton staff. But TechCrunch says the company's furniture is already in the hands of another startup. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.