Janus Friis and Niklas Zennstrom invested part of the money they made from selling Skype to eBay last year in developing the new product called ‘The Venice Project™ “ They idea is to combine the best things about television with the social power of the internet – so this was a project that gives viewers, advertisers and content owners more choice, control and creativity than ever before.
Some 6,000 individuals were already testing the service in beta mode. The peer-to-peer technology used by the service, would make it possible to serve "tens of millions of users" while overcoming content owners' security fears. The service will be able to display high-quality, full-screen video on a computer screen. For more details on the project check out http://www.theveniceproject.com/