US ranks 13th globally in average Internet connection speed

Want a really fast Internet connection in the United States? You’re most likely to get it in on the East Coast, according to the latest State of the Internet report for the fourth quarter issued by Akamai (Nasdaq: AKAM). And, although Internet speeds are getting faster–the average connection speed was up 14 percent from a year ago, to 5.8 Mbps–less than half topped 5 Mbps

Flingo adds support from Mark Cuban in latest funding round

Smart TV app publisher Flingo, which in February announced it raised $7 million in a funding round led by VC firm August Capital, today said it added another $1 million to the total with the help of a major name in industry, Mark Cuban. The cash will be used to help Flingo expand its device footprint on additional smart TVs and devices; it already has presence on products from Samsung, LG, Vizio, Sanyo, Insignia, Western Digital and Netgear.

CBS Q1 results show online video content deals are driving growth

CBS Chief Les Moonves Tuesday said digital licensing had a “huge impact” on the network’s record first quarter earnings and revenues, its best since the 2006 with Viacom. “The transformation of CBS’s business model continues, and I am extremely pleased that we posted record results,” said Moonves. “Our ability to capitalize on the fundamental shifts in our industry has led to the growth of significant new revenue streams.” The company reported earnings of $363 million, or 54 cents per diluted share, up 80 percent compared with $202 million, or 29 cents per diluted share in the year-ago period. Revenue rose 12 percent to $3.9 billion

Report: Netflix, CBS in talks to revive ‘Jericho’

Four years after cult-favorite Jericho was cancelled, it still remains a popular show to stream on Netflix (Nasdaq: NFLX). Now, it may return to production… on Netflix. TV Guide Magazine is reporting the streaming video company has approached CBS about bringing the series about a Kansas town following a nuclear blast back, just as it did Fox about reviving another cult favorite, Arrested Development , last year

Paper: What Happens when HTTP Adaptive Streaming Players Compete for Bandwidth?

The College of Computing at Georgia Institute of Technology and the Video & Content Platforms Research and Advance Development Division at Cisco have published a white paper on HTTP adaptive streaming. The paper focuses on the problem of competing video players and describes how the typical behavior of an adaptive streaming player in its Steady-State, which includes periods of activity…

Netflix subscribers decry $27M class action settlement

A handful of Netflix Inc. (Nasdaq: NFLX) subscribers have asked a federal appeals court to overturn a $27.2 million class-action settlement that they say unfairly gives plaintiffs’ lawyers over $8 million in fees for bringing suit over the marketing agreement the movie service company entered into with Wal-Mart Stores Inc. (NYSE: WMT). The settlement calls for members of the class to receive a pro-rata share of the $27 million settlement amount.

IAC’s Diller to senators: Prohibit discrimination against online video distributors

According to top executives from

WeVideo scores $19.2M in Series A funding round

Startup online video editing platform WeVideo, which started out its life as an educational tool for school children in Europe, has landed $19.2 million in a Series A funding round. The fundraising round, led by Crest Capital Ventures of Houston, will be used to help the company gain more of a global audience, a company statement noted. Founded in 2011 by Norway-based Inspera, WeVideo allows users to collaborate on projects.

Soft European market knocks Harmonic Q1 earnings

A slow start and a soft European market cost Harmonic (Nasdaq:HLIT) in the first quarter of 2012. The video infrastructure company, in its preliminary Q1 earnings, reported net revenue of $127.7 million, down roughly 4 percent from $132.8 million a year ago.

NimbleTV launches ‘game-changing’ TV platform

NimbleTV launched what the company said is a “game-changing,” subscription-based TV platform that allows users to stream cable or satellite programming to any connected device without a set-top box or other equipment. The cloud-based software, which allows users to view programming wherever they are, includes social tools and the ability to record shows. New York-based NimbleTV announced this week it will initially offer service in the United States and India, and then will expand to other countries. The global platform will be available as a private, beta offering to consumers beginning next week

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