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Sony unveils cloud TV plan

Sony Computer Entertainment’s president and group CEO Andrew House announcing the cloud TV service at CES 2014 in Las Vegas

Sony is planning to launch a new cloud-based TV service in the US later this year, combining live TV with video-on-demand in a bid to “redefine” traditional television.

Cloud-based TV operator Magine scores $19m for international expansion

Magine is looking to expand in Spain and Germany, and five other markets by the year's end.

Swedish cloud-based TV operator Magine announced that it has closed a $19m Series A financing round from Swedish and international investors, which will help the company expand its recently launched service globally.

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