Tuesday, June 30, 2009
Here Comes the Video Shakeout: Joost Scales Down, CEO Mike Volpi Steps Out
Here’s the beginning of the inevitable online video shakeout: Joost, the once-hyped video service that was supposed to rival Google’s YouTube, is restructuring to focus on “white label” services, i.e., a back end for other video players.
The site is laying off the majority of its 100-plus employees, and CEO Mike Volpi is out, replaced by Matt Zelesko, who had been SVP of engineering.




Did you hear about Jimmy Kimmel’s shocking rant at ABC’s “upfront” sales presentation this week? The New York Times said the comedian’s routine, presented to an auditorium full of potential ad buyers, generated a “mixture of uneasy laughs and the occasional gasp.” But this was pretty tame stuff. See for yourself.