Joost rival Babelgum goes live

Babelgum, the P2P streaming TV service, has announced the launch of its public beta.

Babelgum  

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Babelgum launches to rival Joost in IPTV battle

Babelgum is a new internet TV service, using P2P technology to stream video to your PC at near -TV resolution, very much like Joost.

Like Joost, Babelgum has plenty of financial backing. While Joost's founders Niklas Zennström and Janus Friis raised around £1.3bn from the sale of Skype, Babelgum founder Silvio Scaglia has just sold a quarter of his stake in Italian broadband firm Fastweb for £148m. 

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