BitTorrent parent company Azureus recently received 15 Million Dollars in Venture Capital funding. So what are they putting the money into developing?
Zudeo, a high speed, high definition video sharing site that has a simple interface, a downloadable client, and the power of bittorrent. What’s not to love?
The site, still in beta, allows the usual mix of tagging, uploading, and free viewing, though content is quite limited and features are still sparse. Users first need to download the Azureus application to get content, though, adding a layer of complexity to the normal process.
In return for using a BitTorrent client, Zudeo offers full HD-quality videos and gigabytes of storage space. It’s free to content producers, who need to use the Azureus Director Edition to upload their creations.
Azureus isn’t the only company using BitTorrent to distribute massive video clips; there’s also, err, BitTorrent. BitTorrent (the company) has its own plans to become a content distributor, and it just signed deals with 20th Century Fox, Lionsgate, MTV Networks, Paramount, and Starz that will allow it to offer their content for download in the new year (in addition to deals it signed earlier in the year). The company has also closed another $20 million funding round, a sign that investors still have confidence in peer-to-peer distribution models (or that they desperately want to create a YouTube-style success story).
Originally posted on December 5, 2006 @ 5:53 am