Will Apple TV stream from Apple Time Capsule 3TB?

I am running out of storage room on my Mac Book. I have been moving my videos, photos, etc, the things I like to use with Apple TV. I've been moving them to an external hard drive and then deleting them from my computer, (it's a lot quicker to copy them back to my computer than re-downloading them). They are not as readily accessible that way and I'm wondering if I can use a 3TB AirPort Tme Capsule to keep them always available?

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