Comcast launching streaming video service

Comcast launching streaming video service

NEW YORK (AP) — Comcast will launch a streaming video service as it faces growing intrusions from companies like Netflix & a rising number of customers who are becoming more mobile, using tablets & phones for entertainment.

The nation's largest cable company said the new service available to its Internet customers, called Stream, will cost $15 a month. Anyone using the service will be able to watch live TV from approximately a dozen networks, including HBO, on phones, tablets & laptops. The service includes on-demand movies & shows.

Comcast Corp. said Monday that it will launch the service in Boston at the end of the summer, followed by Chicago & Seattle. It plans to make it available to all its Internet service customers by early 2016.

p>The Philadelphia company is the just the latest to recognize the shift toward streaming. Verizon Communications & Cablevision Systems Corp. have set up options for cord cutters, many of them younger viewers, who have grown less willing to pay for a full slate of channels & who want more mobile options for entertainment.Comcast Corp.

Source: “Associated Press”

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