Microsoft's digital TV strategy is toast, with its Los Angeles studio closing during this massive round of layoffs.
Microsoft announced last week that it plans to collaborate with Steven Spielberg on an original, live-action series based on the massively popular game Halo.
Following its first foray into original programming, Netflix put up first-quarter numbers that exceeded Wall Street’s expectations.
Online video has yet to create premium content. YouTube, Netflix, Hulu have all tried, but none has achieved the mass appeal and big-budget scale of a CBS.