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Cisco invests in internet HD delivery startup GridNetworks

Figuring out a way to get HDTV through " a series of tubes" is becoming an increasingly interesting -- andcrowded -- venture. GridNetworks has revealed Cisco is one of the companies behind a recent $9.5 million dollar investment in the company that's focused on providing a delivery system for TV and film content in HD to PCs or TVs over the internet. What's so special about this group's GridCasting technology? We don't know yet, but with ties to a giant like Cisco we'll probably see applications sooner rather than later.

[Via TVWeek]