The latest trend in the Internet TV business seems to be corporate mash-ups where companies are subtly, or radically - changing their business direction by merging with other companies in the same field.
OnStream's acquisition of Narrowstep took the former into the VMS business, which it could theoretically leverage against its broad corporate business base. However, the market has caned OnStream since the deal was announced a few months ago and shares are down 70%.
Meanwhile, Anystream has acquired Voxant, with the stated intention of getting into the long tail video syndication business.
Expect more mash-ups in the near future as companies try to adjust their business plans to an ever changing, highly competitive marketplace.