Yahoo! is making great strides towards the entertainment industry revolution…moving from network television to networked television. Yahoo! is working with SBC and Microsoft on an IPTV/fiber-to-the-curb initiative called Project Lightspeed that uses Yahoo! software to deliver video-on-demand, instant messaging, photo collections, and music. Meanwhile, chief executive Terry Semel, who spent 24 years as an executive at Warner Bros., has recruited a crew of network personnel in Santa Monica to crack open the contractual vaults containing 50 years of rights-encumbered TV and film archives. And Yahoo! has already become the Internet home of broadcast fare like Fat Actress and The Apprentice. “They’re clearly thinking of themselves as the fifth network,” says Jeremy Allaire, founder of Brightcove, a Net video distribution startup. Watching whatever you want (or didn’t even know you wanted) wherever you are whenever you feel like it is quickly becoming a reality.
Yahoo builds the super network

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