On this week's episode of The Reel Web, we show you what's happening with Netflix after all their customers leaving them recently. Also, YouTube and online video is really changing the way we consume media--especially journalism. And Xbox has made an interesting purchase that we'll look at as well. All that and more of the week's biggest stories in online video in this week's episode of The Reel Web:

YouTube is Changing Journalism

QUESTION: Are Google+'s circles really a new concept?