Or does it need applications?

Netflix posted its financial results for the first quarter of 2012 after the bell on Monday. The company reported a loss of $0.08 per share, or$5 million, on $870 million in revenue, beating analysts’ consensus

As you may remember, in 2009 Netflix held a contest challenging developer teams to create an algorithm to increase the accuracy of its film recommendations by 10 percent.

Online retail giant Amazon is said to be stretching the truth regarding the size of its streaming content library when reporting numbers to the public. According to a report from Fast Company , the “17,000 movies and television shows” Amazon claims to offer Amazon Prime customers is inflated by roughly 10 times. Amazon Prime members have free, unlimited access to Amazon’s streaming content catalog, which can be viewed using a number of devices including a Roku set-top box and Amazon’s Kindle Fire tablet.

Netflix in 2006 held an open competition to find the collaborative filtering algorithm that would best predict whether or not a user would like a particular film or TV show based on previous ratings. The grand prize of $1 million was awarded to a team called “BellKor’s Pragmatic Chaos” in 2009

Macgasm notes an interesting tweet by former Apple TV engineer Michael Margolis who claims that the new Apple TV interface designs were "tossed out 5 years ago because [Steve Jobs] didn't like them." Alongside the 3rd Generation iPad, Apple also introduced a new version of the Apple TV that supports 1080P video. With it came an updated interface for the set-top box, (shown above) with icon-based category buttons and large billboard-style artwork for content.

Netflix's iOS App has been updated with new iPad Retina icons and images. The actual video stream hasn't yet been updated to High Definition. However, Netflix's Twitter account promises that High Definition streaming is following later

Following the release of the third-generation Apple TV late last week, one forum member at XBMC.org has performed a teardown of the device, revealing a number of details about its internals. As Apple notes on the tech specs page for the new Apple TV, the device utilizes a unique single-core A5 system-on-a-chip, an upgrade from the A4 package found in the previous generation but lacking the dual-core processor found in the A5 chip used in the iPad 2 and iPhone 4S. The Apple TV teardown reveals a typical-looking A5 chip at first glance, carrying date codes suggesting it was manufactured during the seventh week of 2012, or mid-February

On Tuesday, a report surfaced claiming Netflix was in talks with some of the largest cable companies

The New York Post reports that Apple is pressing ahead with plans to launch its own streaming television service by the end of the year, despite continued resistance from content providers. For months, Apple’s point man, Eddie Cue, has been leading talks with content providers, which have largely balked at the tech giant’s efforts to exert control over all aspects of the video service, including pricing, sources said.