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Tuesday, June 12, 2007
Nokia Invests in Video Web-site

Kyte.tv, a start-up Web site for sharing pictures and video, said on Tuesday it received funding from the investment arm of Nokia.

Kyte.tv, which aims to extend video sharing to cell phones, did not disclose the size of the investment, but its co-founder hoped the deal would lead to a distribution agreement with the world's biggest mobile phone maker.

Since www.kyte.tv launched five weeks ago, about 4,500 collections of video and photos, or channels, have been posted.

The channels can be embedded on social network sites such as MySpace.com, and viewers looking at the same channel can hold text chats using an instant messaging feature.

Slide.com runs a similar service that lets consumers create slideshows that can also be embedded on social network sites.

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