Janus Friis and Niklas Zennstrom who were behind the creation of Skype, Kazaa as well as Joost, now have decided to dump their third major creation Joost that is a consumer-video service.
According to the service, now they will focus on developing white label video platforms for video aggregators, broadcasters and satellite providers.
This decision appears as a giving up of the service in front of competitors like Hulu and YouTube.
Previously, Joost has given some indications that it was getting ready to give up. Two months back, Sony Pictures pulled its content off the service after the news that the company was shopping itself for different cable providers that also included Time Warner Cable.