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

One statistic which will 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 increase by 60% within the next two years.

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