bart_scriv writes "BusinessWeek reports that Niklas Zennstrom and Janus Friis (creators of Kazaa and Skype) are at work on a new project: 'software for distributing TV shows and other forms of video over the Web.' Calling the work 'The Venice Project,' Zennstrom and Friis have assembled teams of developers to tackle the problem. The developers are already in negotiations with TV networks to use the system.'" From the article: "This time around, Zennstrom and Friis are inviting the cooperation of TV producers and networks. While the exact nature of their business model isn't clear, they are talking to every TV network in town, according to one person familiar with the matter. The idea is to become a dominant TV distribution company for the Internet era, just as companies such as Comcast (CMSCA) have dominated TV distribution in the cable era."