This could be another strategy to boost Apple's service business.

Apple reportedly hired more veteran TV executives to join its video content team.

Apple is getting serious about creating its own video content.

Facebook is said to be launching TV-like original video content next month.

Facebook is rolling out more detailed tracking of how you watch videos in your newsfeed, including whether you increase the volume or watch the video in full screen. This is part of its bid to provide more relevant content for users that goes beyond traditional engagement statistics.

Microsoft wants to make Bing your go-to search platform for video with an updated video search function that includes visually rich results pages and a video preview feature.

NVIDIA GRID will now support 1080p60 streaming for select titles in its game library. The new feature is available via a public beta of its Shield Hub app, which is slated for official release near the end of May.

Popular video app VLC has just received a major update that includes a redesign for iOS 7 as well as integration with cloud storage services Google Drive and Dropbox.

Instagram recently announced that it had acquired video app Luma, which allows users to shoot, share and add stabilization to their videos. The app also includes some post-processing features like live filters, as well as the ability to post-process videos.

VLC has recently announced that they will be appearing in the Apple App Store very soon. This will be the first time that VLC will be in the App Store, since it was removed from the App Store in 2011.