Ustream.TV issued a major announcement today - they’ve secured angel round funding from Band of Angels and Western Technology Investors for an undisclosed amount, as well as funding from a “leading Japanese investor” and an “very prominent Dallas-area billionaire.”

In case you’ve never given a second thought to UStream, now’s the moment to stand up and pay attention. They’re probably one of the more solidly backed Web 2.0 video streaming services out there, and clearly one of the most star-studded services in terms of high-profile events, regularly turning out appearances from darlings of politics and entertainment.

Fortunately, before he became all big-time, Brad Hunstable, one of the founders of the company, was foolish decent to give me his phone number. When I got wind of the investment announcement that daylight, I guilted him into submitting to

a brief interview on the subject that evening.

We talked a bit about the investors, what it means for the future of the company, and the directions it’ll be taking them in the near future. We plus took a few additional minutes to talk about the recent significant changes and foibles in the entertainment business, and how that’s has led to net wins for UStream.

We additionally spoke a bit on the changing attitudes in politics towards the proper use of social media.

Worth a listen; play the embed below of grab it from the Mashable podcast feed.

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Original post by Mark ‘Rizzn’ Hopkins