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BEIJING/NEW YORK, July 23 (Reuters) - Internet television service Joost and Chinese media conglomerate TOM Group (2383.HK: ) launched a joint venture on Wednesday to court viewers in China, even as the government tightens restrictions on such services. The venture will offer Chinese-language programming over the Internet and has launched the site at joost.tom.com with 16,000 hours of content licensed from local creators including CCTV, China Record Corp, BTV Media, CAV Warner Home Entertainment and Huayi Brothers Media Group. Set up by Kazaa and Skype founders Janus Friis and Niklas Zennstrom, Joost burst onto the scene in the United States in 2007 as a high-profile free video service. The deal aims to help it tap the world's biggest Internet market. Joost attracted the attention of big media companies including Viacom Inc... [read full story]
