Notorious Beam Team

From BoingBoing:

"What is the Venice Project? Skype co-founders Janus Friis and Niklas Zennström built it with some of that $2.6 billion from selling Skype to eBay. Friis explains on his blog:

It’s simple, really — we are trying to bring together the best of TV with the best of the Internet. We think TV is one of the most powerful, engaging mass medias of all time. People love TV, but they also hate TV. They love the (sometimes…) amazing storytelling, the richness, the quality itself. But they hate the linearness, the lack of choice, the lack of basic things like being able to search. And wholly missing is everything that we are now accustomed to from the Internet: tagging, recommendations, choice, and so on… TV is 507 channels and nothing on and we want to help change that!"

This from Engadget is also very informative:

"The system is intended for use by copyright-holding content owners who no doubt intend to advertise on this new network; their video data is encrypted so the P2P here isn't the same kind of P2P you might be thinking of. Friis apparently demonstrated full quality full motion video to the FT at a local Starbucks -- where all new internet projects shown off before launch -- but there's no way of knowing how real world use will clog the proverbial tubes; right now P2P video TV might not work the smoothest considering that no matter what upstream bandwidth will never equal the downstream bandwidth necessary to sustain millions of viewers, but that will begin to change in the coming years."

Move over youtube? Possibly. We'll look back at the end of the year and think how small, short and poor quality youtube videos are and come to expect TV quality footage on our computers with high quality content.

To become a beta tester visit the Venice Project blog here.