Newsfeed - February 2010
Click here for our video production packages     UStream has received a subtantial investment Video website Ustream has announced a substantial new investment as it attempts to expand in Asia and take on rival YouTube. Japanese internet and telecoms giant Softbank announced today that it was buying a $75m (£47m) stake in the Californian dotcom company, as part of its strategy to back what it called "next generation services".   Ustream, which allows users to broadcast their own live TV channels on the internet, already has more than 2m users and receives more than 50m viewers each month - but co-founder and chief executive John Ham said that the cash injection would allow the company to broaden its horizons. [...]   Online video has proved a huge hit in recent years, with sites like YouTube – which was bought by Google in 2006 for $1.65bn – proving web mainstays, and services like the BBC iPlayer and America's Hulu.com quickly becoming indispensable for millions of people. read the full article here
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