Netflix said it plans to raise $400 million and use the cash for general corporate purposes. The cash will help Netflix cover its presumed expansion into Europe, marketing plans for 2014 and payments to content suppliers.
DirecTV is reserving the right to use the brand "WV Wild & Wonderful Sports" for the launch of a network that would deliver streaming video and on-demand sports content, according to two trademark applications it filed last week.
In today's spotlight, Josh Wein, editor of FierceOnlineVideo, explains why he believes neither 4K as a streaming service nor a full-fledged, over-the-top pay-TV service will ever become mainstream consumer products.
WWE will launch a 24-hour streaming video network on Feb. 24, opting to pursue over-the-top distribution instead of striking carriage deals with pay TV providers, Chairman and CEO Vince McMahon announced late Wednesday.
Roku has teamed up with TCL and Hisense to produce a variety of co-branded TV sets, and the company said the devices will be in stores in the U.S. and Canada this fall.
Vdio, the video-streaming service from the people behind the music service Rdio, closed this week after concluding it could not "deliver a differentiated customer value proposition or a business model which is attractive to shareholders."
Forget about the idea of AT&T or any other service provider bulking up its online presence by adding Hulu to its portfolio. Hulu's owners--21 st Century Fox, Walt Disney Co. and Comcast-owned NBCUniversal--have again withdrawn the company from the sales block, and will invest $750 million into the service themselves.
According to a story in Beet.TV, AOL is steaming about 700 million videos per month to an audience of about 42 million unique viewers.
In 2012, watching online video became more than just a hobby for cutting-edge Internet enthusiasts, found a survey performed by the Cisco Internet Business Solutions Group (IBSG) studying the "trends and behaviors" of 1,152 video consumers in the United States. "Overall, streaming video is ahead of downloading and about even with DVDs and Blu-ray discs," said Chris Osika, senior director, U.S. Service Provider at IBSG.
Internet users have little patience for online videos that don't start up immediately. In fact, a research paper by the University of Massachusetts Amherst and Akamai Technologies puts the limit of their patience at two seconds.