Streaming Media = High Gaming Ping

When my family is streaming media (480 quality) of Funshion.com (asian movie website) and I am gaming at the same time, my ping jumps from ~50 to ~300. I am wondering if there is anyway for me to reduce the ping while streaming media. Are there some settings in my router? I am using a Linksys WRT54G with dd-wrt firmware.

Speedtest says I have a 16.8Mbps download and 0.42Mps upload. Streaming a 480 quality video takes no more then 2Mbps according to the network widget. Gaming does not require very much bandwidth either.
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  1. If you have dd-wrt you should be able to make use of QoS. It sets limits to how much bandwidth each computer can take up.

    http://www.howtogeek.com/70659/how-to-give-your-computers-network-traffic-priority-with-dd-wrt/
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