Sean Parker and Shawn Fanning are reported to be readying their new video social networking service, Airtime, for launch. The service now has a site and is hiring developers, the Napster founders say Airtime  was inspired by Chatroulette, which allowed random people to communicate by video chat. Fanning has said the idea is to “smash people together” using video chat and social networks.

The company, which has $8 million backing from US actor Ashton Kutcher, Black Eyed Peas musician Will.i.am and Justin Bieber’s agent Scott Braun.

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