Comcast Corp. said Monday that it will launch a new streaming
video service, a move to reach younger customers looking to cut the
cable cord.
The biggest U.S. cable provider will offer Comcast Internet
subscribers its Stream service for an additional $15 a month. The
Web-based offering will feature about a dozen major networks,
including HBO, though specific details of the package weren't
available. Time Warner Inc.'s HBO Now stand-alone streaming
offering costs $14.99 a month.
Comcast's Stream will launch in Boston later this summer,
followed by Chicago and Seattle later this year, the company said
in a blog post. Comcast said it is planning a nationwide rollout
next year.
Earlier this year, Dish Network launched Sling TV—the first
service to live stream a package of major sports, news and other
traditionally pay-TV shows without being tethered to a cable
subscription—for $20 a month.
Cablevision Systems Corp., meanwhile, is offering cord-cutter
packages starting at $34.90 a month, while Verizon Communications
offers FiOS TV services priced at $55 a month.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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