Comcast Launches Own 'Netflix-Killer'
Comcast announced its new service, known as Streampix, as it tries to take on Netflix(NFLX) in the VOD space. The major difference is that in order to get Streampix, you need to already subscribe to cable.
Streampix will be free to those who get Comcast's triple-play package, or $4.99 per month if you do not have triple-play package.
Shares of Comcast are off 0.31% to $29.08, while shares of Netflix are plunging lower, down 2.59% to $118.7. Shares had been as high as $126.15 prior to the announcement.
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--Written by Chris Ciaccia in New York
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