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Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 104.35-1.2%Nov 21 9:30 AM EST

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From: Sr K2/21/2012 1:07:21 PM
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Comcast to Launch a Netflix Rival

Comcast is taking aim at Netflix, unveiling its own streaming-video service that will give existing Comcast video customers a similar selection of old TV shows and movies over the Web.

wsj.com

BUSINESS | FEBRUARY 21, 2012, 1:08 P.M. ET
Comcast Is Launching a Netflix Competitor

By SAM SCHECHNER

Comcast Corp. is taking aim at Netflix Inc., unveiling its own streaming-video service that will give existing Comcast video customers a similar selection of old TV shows and movies over the Web.

The Philadelphia-based cable operator said Tuesday that the new service would be called Xfinity Streampix, and will be bundled with certain tiers of Comcast video service, and available for $4.99 per month to other Comcast video customers. By contrast, Netflix's streaming-video service costs $7.99 per month.

Comcast's new service will include such shows as "30 Rock," from its own NBCUniversal unit and "Lost" from Walt Disney Co.'s ABC, as well as movies like "Ocean's Eleven," from Time Warner Inc.'s Warner Bros. The programs, typically of prior seasons of shows, will be available on the Web and on mobile devices to subscribers in and out of the home, similarly to Netflix's offering.
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