Finally it works for me.
private VideoView videoView;
videoView = (VideoView) findViewById(R.id.videoView);
Uri video = Uri.parse("http://www.servername.com/projects/projectname/videos/1361439400.mp4");
videoView.setVideoURI(video);
videoView.setOnPreparedListener(new MediaPlayer.OnPreparedListener() {
@Override
public void onPrepared(MediaPlayer mp) {
mp.setLooping(true);
videoView.start();
}
});
Hope this would help others.