Ups And Downs

It's a strange world, the internet TV world. In the same week that Joost announced that they are retrenching to concentrate on the US market, Jalipo have raised £10m to fund their pay-per-view model (although I suspect this fundraise will be accompanied by a change of strategy).

With Kangaroo on the horizon, those are very brave investors at a valuation which, if accurate, seems astronomically high.

Still, good luck to them, the market needs an alternative to the incumbents.