I was happy using Windows Media Streaming services to stream content from my Laptop (running Windows 7) to TV until the day I found it did not support some of the file formats. So for all those who are facing any such issues, here is a quick way to stream content to your (Smart) TV's. 

Serviio is a free media server. It allows you to stream your media files (music, video or images) to renderer devices (e.g. a TV set, Bluray player, games console or mobile phone) on your connected home network.

Download: http://www.serviio.org/