Comcast Is Launching a Netflix Competitor

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.

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