NEW YORK (AP) — Comcast will launch a streaming video service as it faces growing intrusions from companies like Netflix and a rising number of customers who are becoming more mobile, using tablets and 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 about a dozen networks, including HBO, on phones, tablets and laptops. The service includes on-demand movies and shows. Comcast Corp. said Monday that it will launch the service in Boston at the end of the summer, followed by Chicago and Seattle. It plans to make it available to all its Internet service customers by early 2016.
The Philadelphia company is the just the latest to recognize the shift toward streaming. Verizon Communications and 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 and who want more mobile options for entertainment.
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