Audiences, users, contributors and investors seem to have tremendous confidence in the Internet Media manipulation business these days. In a rather earth shaking news for the Internet-Media world, Techcrunch have reported that Joost has garnered a whooping $45 million in venture round of financing. Some of the lucky investors (wow! this time, it is the investors who want some part of the juice) include Sequoia Capital, Index Ventures, CBS Corporation, Viacom and Chinese billionaire Li Ka-shing. Viacom and CBS have also signed content deals with Joost.

Joost was started by Skype founders Janus Friis and Niklas Zennström in 2006. Joost is currently in private beta and is rumored to be launching within days. Joost is powered by a secure Internet platform that enables their premium, interactive video entertainment while still providing copyright protection for owners and creators. Best of all, it’s free for the rest of us, the users. Last week Joost released unlimited invites for existing beta testers.

We, at MixerCast welcomes such great and innovative development in the Internet-Media realm. The acceptance of Joost by Internet users will be a step towards the Internet-Media penetration and we will do our best to make our side of the experience as good as it gets.

OFF-TOPIC

Relax a bit with the famous Crazy Frog Video!

Joost $45 million funding news Via:

* Techcrunch
* Mashable
* Om Malik