Roku grabs $8M, weeks after releasing Roku 2

Roku, a device that streams web content to televisions, has collected $8 million in funding, according to a form D filed with the SEC today. Roku confirmed the round and its lead investors Globespan Capital Partners and Menlo Ventures.

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Netflix CEO: “We’re gonna thrive on streaming only”

Netflix CEO Reed Hastings said in a conference call to discuss second-quarter earnings that the online-video giant plans to focus on a “streaming only” future after separating its mail-order DVD service into a separate subscription. But that future, Hastings said, will also bring Netflix into many more countries.


Facebook Connect causes identity crisis for Hulu users

When streaming video site Hulu announced it was adding a new, first-of-its-kind feature (one that will become a staple going forward), it was not talking about giving its users the ability to access random strangers’ accounts instead of their own.

Netflix now accounts for 25% of North American Internet traffic

If for some reason you need further convincing that Netflix is taking over our lives, you only need to look at Sandvine’s latest report, which shows that the video streaming company is now the biggest source of North American web traffic, accounting for 24.71 percent of aggregate traffic.

HBO’s Go streaming service coming to iPad, iPhone and Android

Current subscribers of HBO will soon be getting more for their monthly fees tacked on to cable bills. The premium cable company’s programming will soon be available to stream on tablets and mobile devices beginning May 2.

Dish Network buys Blockbuster for streaming video and kiosks

Dish Network landed the winning bid, valued at around $320 million, for Blockbuster in its bankruptcy auction. The company actually expects to pay around $228 million in cash — after “certain adjustments” are made at the deal’s closing — for the rental chain, according to an announcement made this morning.

Vudu movie streaming arrives on the PlayStation Network

Game consoles are becoming the portals to entertainment in the home. The latest evidence of that is the impending launch of the Vudu on-demand movie-streaming service on Sony’s PlayStation Network.

Netflix bets on online streaming, shells out $115M for content

Video rental and streaming service Netflix paid about $115 million in its most recent quarter to acquire new content for its online streaming video library, according to its earnings reports released today. The company’s quarterly profit jumped by about 27 percent year-over-year last quarter.