poundhard writes "Some two years ago, it was mentioned on TorrentFreak and Slashdot that The Pirate Bay team were working on a YouTube competitor. At the oral proceedings of the Spectrial, I believe it was Peter Sunde, aka Brokep, who said to the prosecutor that it was one of those side projects that failed. A few days ago though, he appeared over Skype at the Open Video Conference in New York, and apparently said that they were about to launch something new. It has been speculated in Norway that it will be the IPREDator. But I checked out The Video Bay, and hey, it is about to go live! This is what they write: 'To stay in the spirit on which TPB was founded and using the Latest Technology, TVB aims to use the new HTML5 features, more specifically the <video> and <audio> tags with the ogg/theora video and audio formats. This site will be an experimental playground and as such subjected to both live and drunk (en)coding, so please don't bug us too much if the site ain't working properly.'"
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