CrunchGear have the story that the founders of many services including Skype, the P2P file sharing service Kazaa are planning to launch a new peer-to-peer Web TV service which will allow people to share their TV programs (the idea being they will be created by the users) with other users of the service.

The service is currently codenamed ‘Venice’ and will, if we can judge it by the success of previous projects, be very big.

From the original news article:

“This is a system where people with professional content can put it out (on the Internet). And that can be anybody,” said Friis, who currently has “a lot of people” negotiating with TV production companies around the world.

Of course, there is an enormous potential for people to put copyrighted material onto the service, but Skype co-founder Janus Friis did say he didn’t want any more trouble with lawsuits (after Kazaa was extensively used by users to swap copyrighted material).

This is a very interesting move and it has the potential to become quite a popular service, if it can successfully tear people away from the likes of YouTube.

Does that mean they’ve left it too late this time, having let YouTube absorb almost all of the video sharing market, or will there be a market for the peer-to-peer element?