http://www.lowendbox.com/ has a lot of listings, many cheaper than 36/year, depending on whether you prefer Xen or OpenVZ. I'm not hosting a site on it; I don't need much.
I'd be hard pressed to spend more than 3 hours a week watching TV content, but even an addict would find it hard to reach the limit. At 300G/month allowance, that's 20 "hours" a day at your suggested usage rate, double-counting for proxy purposes.
