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Joost Names Former Cisco Executive New CEO
By: Reuters | 05 Jun 2007 | 03:30 AM ET
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Internet television service Joost named former Cisco senior executive Mike Volpi as its new chief executive on Tuesday, choosing a telecom veteran to lead the company as it courts big media to show programming on its site.

Joost, launched late last year by the founders of Web telephone-calling service Skype and music file-sharing company KaZaA, aims to replicate cable television services on the Internet.

Volpi, who was also a Skype board member, replaces current Joost CEO Fredrik de Wahl, who will remain as chief strategy officer.

A 13-year veteran of network communications equipment maker Cisco Systems [CSCO  Loading...      ()   ], Volpi was, until he resigned in February, considered a successor to Cisco CEO John Chambers.

Over the past few months, Joost has sought to position itself as a safe way for big media to distribute their copyrighted videos, music and other programming online, dodging the widespread piracy issues that rival YouTube has endured.

Shortly before suing YouTube and its parent Google [GOOG  Loading...      ()   ] for $1 billion in March, MTV Networks-owner Viacom [VIA  Loading...      ()   ] signed a deal to distribute some of its shows on Joost as part of a wider bid to reach online audiences.

Since then, many others have joined Joost, including Time Warner's [TWX  Loading...      ()   ] Warner Bros. Television Group and Turner Broadcasting, Sony's [SNE  Loading...      ()   ] Sony Pictures Television and CBS [CBS  Loading...      ()   ].

YouTube, which focuses on short-form, user-generated video clips, and Joost, which delivers full-length programs, have maintained that they do not compete, despite jockeying for the spotlight in the burgeoning online video business.

(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
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