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Joost receives £22.6m in VC funding


From NMA:

Internet TV service Joost has acquired $45m (£22.6m) in venture capital.

Five separate parties invested in the service, which launched commercially last week.

Among the investors are Index Ventures, Sequoia Capital, Li Ka Shing Foundation, CSB Corporation and Viacom.

CBS has already contributed more than 2,000 hours of content to the service including news and popular TV shows CSI and Survivor.

Viacom also contributed content from its properties MTV, VH1 and Paramount Pictures.

Each investor will take a minority percentage of Joost.

The figures are in pounds cos I got them from NMA (UK).

Laurel Papworth

Named by Forbes™ Magazine in the Top 50 Social Media Influencers globally, named Head of Industry, Social Media (Marketing Magazine™) and in the Power150 Media bloggers (AdAge™). CERT IV Training and Assessment certified trainer (Diplomas and Certificates etc) Adult Education. Laurel has manager Facebook Pages for Junior Masterchef, Idol, Big Brother etc. and have consulted on private online communities for banks Westpac, not for profits UNHCR & governments in SE Asia. Lecturer, social media, University of Sydney for 10 years and Laurel has 11,000 online students. Laurel Papworth personally connects to 6 million followers online and has taught around 100,000 people in the last 10 years how to be social media managers.

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