Mozilla is funding Democracy Player to the tune of $100,000. This is a nice boost for the open source streaming media player.

Democracy Player, soon to be “Miro”, is a media player with many uses. It plays many file types, allows you to subscribe to an play video blog and podcasts, supports downloading and storing videos from YouTube and similar sources, supports Hi-Def in full screen, and doubles as a BitTorrent application. You can, of course, organize your media into your own library. All this in an open source program, from a non-profit organization.

Democracy Player already uses some Mozilla technology under the hood, but also has a similar mission as Mozilla. Democracy Player is intended “to promotes choice and innovation on the Internet.”

Source: Ars Technica