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Streaming video through game consoles is gaining popularity, as Microsoft, Sony and Nintendo continue to add functionality to their systems.

Netflix lost more subscribers than expected last quarter, suggesting repercussions from its recent upheavals are still occurring.

U.S. households increasingly can't afford to pay for premium television, according to new research, casting a pall over the pay TV business as video streaming services contend with the fallout of rising prices.

Cable providers are feeling the impact of Internet TV services like Netflix and Hulu, a worrying sign for an industry trying to keep up as consumers gravitate towards video streaming.

Netflix is now the largest source of Internet traffic in North America, according to research firm Sandvine, underlining the digital media company's growing status as one of home entertainment's major platforms.

Netflix posted an astonishing 86 percent jump in quarterly profits as its online movie streaming service continued to add subscribers, but rising costs for licensing content loom in the distance.

Cable TV provider Cablevision today announced that it lost more subscribers than estimated last quarter, amid increasing competition from streaming video outlets and channel blackouts.

Independently run bricks-and-mortar video shops are carving out a niche for themselves in the wake of streaming video distribution, taking advantage of corporate video chains' struggles against upstarts like Netflix.

Watching TV on any device remains by far the most popular form of entertainment for 71 percent of people in the U.S., according to a study by research company Deloitte, although the medium benefited greatly from its cross-pollination with social networking and other Internet-based technology.

TV watchers aren't quite ready to cut the cord on their cable service, as online streaming still have some distance to travel, according to advertising and marketing firm Hill Holiday.

Cable operator Time Warner today posted a 22 percent rise in fourth-quart profit on the strength of its Internet business, offsetting losses of TV customers while downplaying the continued threat of Netflix to its cable business.

Netflix's movie streaming service helped boost the company to more than 20 million subscribers and earnings of $47.1 million in the last three months of 2010.

Internet TV hub Hulu is in internal discussions to dramatically shift course and become an online cable operator, a move that would see the company pulling free content from its current online video incarnation.

A slate of independent filmmakers and movie studios are looking to online video streaming to bolster shrinking revenue from theatrical and DVD releases, while other players in the film industry eye the rise of emerging technologies with reservation.

The Federal Communications Commission may propose a plan that lets phone and cable companies charge customers based on data usage, which could limit the growth of Internet TV services.