Billionaire entrepreneur and sports team owner Mark Cuban isn't all that impressed with streaming video as a competitor to cable TV. In fact, he takes issue with boasts that streaming services such as Netflix will soon dance on cable's grave, arguing instead that the two media need each other.
Now that interconnection agreements with the four top U.S. Internet service providers are in place and with no new spats grabbing the public's attention, Netflix and Verizon may have entered a period of détente. Average streaming speeds for subscribers on the FiOS network rose two places on the SVOD provider's August Speed Index, to 2.41 Mbps.
LAS VEGAS--Skype, the VoIP video service purchased in 2011 by Microsoft, unveiled Skype TX, a broadcast-quality online video service, at the National Association of Broadcasters trade show here.
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.
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."
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.
As the Olympic Games prepare for the official opening ceremonies on Friday, July 27, it's clear that online video will play a bigger role in reaching viewers worldwide than it ever has before. But how well will it accomplish that task?
Last month, Elemental Technologies CEO Sam Blackman told an audience at OTTCon that the company was gearing up for a major role at this summer's Olympic Games in London. He revealed more details