diff --git a/AsyncDisplayKit/ASVideoNode.mm b/AsyncDisplayKit/ASVideoNode.mm
index 8290e9da4d..95bb35f7dd 100644
--- a/AsyncDisplayKit/ASVideoNode.mm
+++ b/AsyncDisplayKit/ASVideoNode.mm
@@ -151,7 +151,7 @@ static NSString * const kStatus = @"status";
     self.player = [AVPlayer playerWithPlayerItem:playerItem];
   }
   
-  if (self.image == nil) {
+  if (self.image == nil && self.URL == nil) {
     [self generatePlaceholderImage];
   }
 
@@ -284,7 +284,7 @@ static NSString * const kStatus = @"status";
     if ([change[NSKeyValueChangeNewKey] integerValue] == AVPlayerItemStatusReadyToPlay) {
       self.playerState = ASVideoNodePlayerStateReadyToPlay;
       // If we don't yet have a placeholder image update it now that we should have data available for it
-      if (self.image == nil) {
+      if (self.image == nil && self.URL == nil) {
         [self generatePlaceholderImage];
       }
     }
diff --git a/examples/Videos/Sample/ViewController.m b/examples/Videos/Sample/ViewController.m
index 43a0fd6755..e2a6e22b88 100644
--- a/examples/Videos/Sample/ViewController.m
+++ b/examples/Videos/Sample/ViewController.m
@@ -46,6 +46,9 @@
   ASVideoNode *simonVideoNode = self.simonVideoNode;
   [_rootNode addSubnode:simonVideoNode];
   
+  ASVideoNode *hlsVideoNode = self.hlsVideoNode;
+  [_rootNode addSubnode:hlsVideoNode];
+  
   _rootNode.layoutSpecBlock = ^ASLayoutSpec *(ASDisplayNode * _Nonnull node, ASSizeRange constrainedSize) {
     guitarVideoNode.layoutPosition = CGPointMake(0, 0);
     guitarVideoNode.preferredFrameSize = CGSizeMake([UIScreen mainScreen].bounds.size.width, [UIScreen mainScreen].bounds.size.height/3);
@@ -55,8 +58,13 @@
     
     simonVideoNode.layoutPosition = CGPointMake(0, [UIScreen mainScreen].bounds.size.height - ([UIScreen mainScreen].bounds.size.height/3));
     simonVideoNode.preferredFrameSize = CGSizeMake([UIScreen mainScreen].bounds.size.width/2, [UIScreen mainScreen].bounds.size.height/3);
-    return [ASStaticLayoutSpec staticLayoutSpecWithChildren:@[guitarVideoNode, nicCageVideoNode, simonVideoNode]];
+    
+    hlsVideoNode.layoutPosition = CGPointMake(0, [UIScreen mainScreen].bounds.size.height/3);
+    hlsVideoNode.preferredFrameSize = CGSizeMake([UIScreen mainScreen].bounds.size.width/2, [UIScreen mainScreen].bounds.size.height/3);
+    
+    return [ASStaticLayoutSpec staticLayoutSpecWithChildren:@[guitarVideoNode, nicCageVideoNode, simonVideoNode, hlsVideoNode]];
   };
+  
   [self.view addSubnode:_rootNode];
 }
 
@@ -117,6 +125,24 @@
   return simonVideoNode;
 }
 
+- (ASVideoNode *)hlsVideoNode;
+{
+  ASVideoNode *hlsVideoNode = [[ASVideoNode alloc] init];
+  
+  hlsVideoNode.delegate = self;
+  hlsVideoNode.asset = [AVAsset assetWithURL:[NSURL URLWithString:@"http://devimages.apple.com/iphone/samples/bipbop/gear1/prog_index.m3u8"]];
+  hlsVideoNode.gravity = AVLayerVideoGravityResize;
+  hlsVideoNode.backgroundColor = [UIColor lightGrayColor];
+  hlsVideoNode.shouldAutorepeat = YES;
+  hlsVideoNode.shouldAutoplay = YES;
+  hlsVideoNode.muted = YES;
+ 
+  // Placeholder image
+  hlsVideoNode.URL = [NSURL URLWithString:@"https://upload.wikimedia.org/wikipedia/en/5/52/Testcard_F.jpg"];
+  
+  return hlsVideoNode;
+}
+
 - (ASButtonNode *)playButton;
 {
   ASButtonNode *playButtonNode = [[ASButtonNode alloc] init];