Worldwide online video revenue is expected to top US$4.5 billion by 2012, up from $1.2 billion in 2008, predicts research firm In-Stat.
Much of that revenue is expected to come from online video rentals, with ad-supported online video making up a major part, too.
Research Highlights:

By 2012, 39% of adults in the US are expected to have [...]

Last week, while we were wondering whether NBC risked losing the online audience with all the barriers it puts in front of people wanting to watch the Olympics, everybody else seemed to be worried that NBC’s Olympic coverage might melt the Internet.
Three days into the Olympics, the Internet hasn’t melted and it’s starting to look [...]

A new version of aTV Flash, a $49.95 software upgrade to enhance the functionality of your Apple TV, has been released that’s compatible with the version 2.1 of Apple TV firmware.
aTV Flash adds support for more video formats, USB external hard drives & web browsing.
Key Features:

Play most video formats (DivX, Xvid, AVI, WMV, [...]

Internet TV is growing at an insane rate. According to comScore, U.S. Internet users viewed more than 12 billion online videos during the month, up 45 percent versus year ago.
Nearly 142 million U.S. Internet users watched an average of 85 videos per viewer in May.
Google Sites (mainly YouTube) attracted the most viewers (83.8 million), who [...]

MIcrosoft has announced XBox 360 updates that will give interface a cartoon-like appearance and a deal with Netflix that positions the XBox as an Apple TV killer.
“When people turn on their Xbox 360s this fall, they’ll get an entirely new interface and Dashboard, an entirely new Xbox through the magic of software,” said John Schappert, [...]

Apple has updated the software for Apple TV, without fanfare, to version 2.1.
The updates include security improvements, support for using the iPhone or iPod touch as a remote, and support for Mobile Me content.
What would really excite us would be if Apple opened up Apple TV to developers, like it has with the iPhone, or [...]

The BBC today introduced an updated version of the BBC iPlayer, which fully combines radio and TV in one interface.
The BBC iPlayer is an Internet-based on-demand catch-up service for BBC media, and is available on PC, Mac, Linux, Virgin Media, Apple iPhone & iPod touch and Nintendo Wii.
The BBC reports that it has served over [...]

Social media guru JD Lasica interviewed Hayden Black, the creator and star of the Internet video hits Goodnight Burbank and Abigail’s X-Rated Teen Diary, at the recent Digital Hollywood conference.
Black offers some background on his shows, but also touches on things anyone should consider when creating an Internet video series.
It seems that Hayden Black is [...]

Internet TV site Hulu is fighting back at users that use ad-blocking software, warning them that they need to disable the software.
“This program is brought to you by Hulu’s advertising partners,” notes the site. “If you see this message repeatedly, you may need to disable your ad blocking software.”
The video then resumes playing after 30 [...]

Internet video startup Revision3, the home of Diggnation, XLR8R TV, Epic Fu and other popular video podcasts, has been making headlines since its founding in 2005.

The most recent headlines, though, have surrounded Revision3’s extended outage over Memorial Day weekend, and the way CEO Jim Louderback’s very publicly pointed the finger at anti-piracy firm MediaDefender as the cause for the outage.

Podcasting News’ Publisher Elisabeth McLaury Lewin caught up with Louderback, who answered questions about Revision3, how they plan to respond to the MediaDefender attack and his vision for the future of Internet media.