Various on-demand movie and tv services popping up the final couple of years have introduced some new terminology to most of us who are not technologically savvy, and who are just beginning to explore the vast, uncharted territories known as the worldwide web. One term that is practically a household term is streaming. The concept of streaming isn't new. Radio and television are streamed. Streaming is, in a nutshell, a delivery method for media. We can stream anything that can be digitalized, including music, movies, sports, and television shows.

One statistic that may surprise many people is the fact that 30% of all internet traffic today is from Netflix streams alone. And over-the-top (OTT) media consumption from distributors like Netflix, Hulu Plus and SuperPass is projected to improve by 60% over the following two years.

To clarify, you can find two kinds of video streaming - live and on-demand.