Azureus presented Zudeo, a new video sharing site that uses BitTorrent technology to spread huge high-def quality video files across the Internet.
BianRosa says his company's video service is more than just another YouTube clone.
"Our main target is high-definition video, which is a whole new market online," he says. "People will be able to post any kind of quality on our platform, but on top of that, we also make it possible to post videos that exceed DVD quality."
BianRosa says the company, which is based in Palo Alto, plans to add television shows and full-length feature films to the service later this month. Azureus has inked distribution deals with 12 television, film and media companies, he says. Details of the partnerships, including any DRM restrictions to be applied to the licensed content, will be announced in two weeks.
The company says it will comply with copyright laws by removing any illicit clips at the rights holders' request -- a policy followed by most other video-sharing sites. BitTorrent has a reputation for being used to distribute copyrighted movies and music (in addition to numerous legitimate uses). YouTube is also well known for hosting television clips and music videos that are sometimes subject to copyright spats.
More details at Wired. I don't really think this is a YouTube or Google Video competitor as it doesn't support streaming video.