Cisco buys ExtendMedia for multi-screen video mayhem

Cisco Systems will expand its professional video services with the acquisition of video content-management provider ExtendMedia on Thursday. The move readies the Internet-infastructure giant for the day when online video streams come to a number of screens — and providers of those streams gird for battle, hopefully with Cisco equipment and services.

Wal-Mart to buy video streaming service Vudu

It’s time to add another huge player to the video streaming business. The New York Times is reporting that Wal-Mart has agreed to purchase Vudu, a startup that has been struggling to make a dent in the video streaming marketplace since 2007. The Times says the news comes from two anonymous sources close to the deal, and there still isn’t any official confirmation from reps at Wal-Mart and Vudu.