Airtime, Sean Parker’s New Platform, Due Out June 5th

Sean Parker, famous co-founder of Napster (and famously played onscreen by Justin Timberlake), has teamed up again with Shawn Fanning — they created Napster together. For their latest project, they’ve produced Airtime. What’s that, you ask?

It’s a start-up that will make its namesake platform public June 5th. Once on it, users will be able to meet new people as they broadcast live video. It’s already possible to sign up for the service through Facebook Connect.

Currently, most of Airtime’s homepage is dedicated to showcasing the pedigree of its investors, a small sample of which includes Andreessen Horowitz, Ashton Kutcher, and If you’re not signed up for early use, more information about the service can be gleaned from the company’s terms of service and privacy policy.

According to the latter, you may own the content you create on the site, but by using the platform, you agree to license any and all your content to Airtime, perpetually. Direct from the source:

Airtime provides you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute or broadcast content and materials, including, without limitation, video, text, images and other materials (collectively “User Content”). You grant Airtime and its successors a worldwide, non-exclusive, royalty-free, perpetual, sublicensable and transferable license to use, copy, distribute, transmit, modify, prepare derivative works of, publicly display, and publicly perform any such User Content, including without limitation, for the purposes of commercially promoting the site.

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