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Viacom Signs Web Content Deal With Joost

Viacom, a leading global entertainment company, and Internet television platform Joost said they have signed a web content deal, confirming press reports.

The news comes just two weeks after Viacom demanded its content be pulled form YouTube.

Under the agreement, Viacom's divisions -- MTV Networks, BET Networks and Paramount Pictures -- will provide television and other programming via Joost, a new Internet service that specializes in commercial video content.

The financial terms of the deal were not disclosed.