Comcast Corporation (NASDAQ:CMCSA) has announced the launch of video streaming service for the younger customers initially in Boston. It will roll out the service in Seattle and Chicago before the end of this year. The company will introduce the video streaming services across the nation in 2016.
The largest provider of cable services in the U.S., Comcast will provide the streaming services to the customers for an additional monthly fee of $15. The streaming service will comprise a dozen video channels such as Time Warner Inc (NYSE:TWX)’s HBO. Its other channels include PBS, NBC, CBS and ABC.
The new service Stream will be offered to xfinity customers. The internet customers can watch the video channels on Smartphone, computers and tablets.
The General Manager and Executive Vice President (Video Services), Matt Strauss at Comcast said it is our ambition to offer TV for each of the subscribers. The Stream is aimed at people, who are always hooked to the laptops.
How to Watch the Video Channels?
The xfinity Internet subscribers need to download and install the Stream app on their PCs and laptops to start enjoy watching their favorite TV channels. As a bonus, the company also offers access to cloud DVR, and TV Everywhere Service for the customers.
The company is joining the league of other companies to embrace other growing options than just the Pay TV.
HBO Now Offers Streaming Service
HBO NOW is offering the streaming services for a monthly fee of $14.99. It is a standalone service from HBO. It is cheaper when compared to the Stream of Comcast. The customers will get full access to all of the channels of HBO. You can enjoy watching Hollywood blockbusters, and original programming of HBO.
One can subscribe to the HBO Now either from an Apple Inc. (NASDAQ:AAP) device or a broadband provider.
Other competitors for Comcast in the Internet TV include Sony Corp (ADR) (NYSE:SNE), DISH Network Corp (NASDAQ:DISH), Amazon.com, Inc. (NASDAQ:AMZN), Hulu, LLC, and Netflix, Inc. (NASDAQ:NFLX).