Eric Schmidt on Microsoft's Plans for Online Video Space official

While the rest of the the tech giants are focused on advertising-based business models around online video, Microsoft is betting on the area it knows the best; software and services. Seeking a big piece of the emerging field for video streaming and the demand for HD video, Microsoft is expanding the ecosystem for Silverlight, the new rich-media Web plug-in. On Tuesday, Microsoft and Akamai announced a program to provide dynamic web video streaming.