Video is moving online in a big way. It's proven to be a challenging market for some companies that start out as a pure Internet company such as Joost.
Niklas ZennstromAnd the VCR did the same thing: the movie industry thought nobody would ever watch movies any more.
Niklas ZennstromIt's extremely hard to build a company with a product that everyone loves, is free and has no business model, and then to innovate a business model. I did that with Kazaa, had half a billion downloads but that wasn't a sustainable business.
Niklas Zennstrom