VENTURE CAPITAL POST

Virgin America, the U.S. based low-fare airline, teamed up with the top Internet TV network, Netflix, to provide a free in-flight streaming of movies and TV shows.

Oculus just announced another exciting news to its users during the Oculus Connect conference in Hollywood. As users are eagerly waiting for the next Oculus rift to hit the market next year, the team announced that they are working with Netflix and Hulu to bring the network shows on virtual reality. Users can now bid goodbye to the day of holding their laptop as they are lying down on their bed watching "House of Cards" or "Orange is the New Black".

Brazil is to detach its internet connection with U.S., Telebras CEO Jorge Bittar said. A submarine cable with over 30 tbps will be installed from Lisbon to Fortaleza. This would boost Internet speed with Europe in 2017.

Seven technology giants; Google, Netflix, Mozilla, Microsoft, Cisco, Intel and Amazon collaborate to work on with an open source video format that would abolish video plugins soon.

Apple Inc is reportedly moving into the original programming business to compete with Netflix and other video streaming companies.

Amazon announced Wednesday that it will offer its Prime Instant Video service in Japan next month, going toe-to-toe with rival Netflix in the video streaming industry.

Apple shares went down seven percent Tuesday, and down again six percent Friday amid the declining U.S. stocks.

The recent devaluation of Chinese currency Yuan has already started creating tremors in the global markets and more precisely in the US economy as it's triggering an imbalance in international trade.

Adobe Systems Inc. announced on Monday that they are making changes with their parental leave policies similar to other tech companies that made a similar move earlier.

On-demand streaming media giant Netflix has a very simple long-term plan: world domination. If the California company has its way, it will happen by the end of 2016, and it will come by way of original content.

Netflix Inc (NFLX.O) said on Tuesday its board of directors approved a seven-for-one stock split. The split will be effected in the form of a stock dividend of six additional shares for each outstanding share, the company said in a statement.

Alibaba Group Holding Ltd (BABA.N) will launch an online video streaming service in China in about two months, hoping to emulate the U.S.'s Netflix Inc (NFLX.O) and HBO, the firm's head of digital entertainment said on Sunday.

U.S. stocks jumped on Wednesday, helped by gains in technology and financial shares and optimism that Greece may be closer to reaching a deal with creditors.

Internet television service Netflix plans to expand into Italy and Portugal later this year, the company said on Saturday, as part of a bid to expand its popular streaming TV service to some 200 countries worldwide within two years.

Video streaming company Netflix Inc (NFLX.O) is in talks with Jack Ma-backed Wasu Media Holding Co 000156.SZ and other potential partners to enter China's booming online video market, Bloomberg reported, citing people familiar with the matter.