informitv.com reports:
The creators of Kazaa and Skype will announce the launch of their latest venture, aimed at distributing television and video over the internet, at a conference on the future of television in New York in November. Codenamed ‘The Venice Project,’ it is claimed to combine the best things about television with the social power of the internet. ...
Updated 24 Oct. 2006:
Bruno Giussani also has a good overview of this story in, The Venice Project: 507 channels and somethin' on. Link: LunchoverIP.
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