Skype founders’ Venice Project revealed

According to BusinessWeek, Skype co-founders Janus Friis and Niklas Zennstrom are preparing to launch The Venice Project, a new start-up that “combines the best things about television with the social power of the internet.” Venice–which is just a codename–has been in very limited testing since the summer, but the beta program will expand significantly in November, and Friis says it will be available to everyone by the end of the year. They’re currently courting small and large media and TV companies to put their full-length content on the network, which will be accessed through a stand-alone app and work on P2P technology just like KaZaA and Skype. It will have built-in intellectual property controls and will stream media rather than download it, which BusinessWeek naively assumes “makes it much more difficult for users to make, distribute, or sell illegal copies of the content that they watch.” At the uber-austere Venice Project web site you can sign up for their mailing list which, presumably, will notify you when that expanded beta program starts.