The European Parliament has set aside €9 million to launch its own web TV channel, which will make some 300 video items available on the net. The aim is to make the activities of the Parliament more visible to Europeans. The original idea was to have a dedicated European television channel along the lines of C-Span in the United States, but this proved to be too expensive.
We have no idea if the two things are related, but the European Union decided to subsidise the peer-to-peer ‘P2P-Next’ project with €14 million for a period of four years. Under leadership of the Finnish based company VTT Technical Research Center some 21 companies across Europe will work on developing a more efficient P2P traffic system to move large (video) files across the net.