PreacherTom writes, "The founders of Skype, Janus Friis and Niklas Zennstrom, are offering a sneak peak into their newest venture, The Venice Project, a video site that combines professionally produced TV and user-submitted videos with the interactive tools of Web 2.0. So, what will Venice offer to combat YouTube's dominance? Streaming video with DVD-like controls, on-screen menus of preset channels, and interactive tools to share video playlists are only the beginning. Venice's Beta will be expanded by the middle of November, with general release by New Year's Day."
The article notes that "Venice" is a placeholder name and that the project will launch with new branding.