Viacom helped Joost with its original funding. But the video platform's co-founders Niklas Zennstrom and Janus Friis probably shouldn't expect any more cash from Sumner Redstone's empire. Not after the way Viacom CEO Philippe Dauman took a dainty dump on the service yesterday:
We come at Joost or other platforms from the point of view that we cannot predict—nor did we in that case or any other case—predict which ones are going to be hugely successful, moderately successful, which won't work.
Asked if Viacom will invest again, Dauman demurred: "We did receive equity in connection with our original deal and we're happy where we are." (Photo by AP/Rajesh Nirgude)