Comcast Is Launching a Netflix Competitor

Comcast Corp. opened a new front in the Internet-video wars Tuesday, unveiling a new subscription service that will compete more directly with online streamer Netflix Inc.
The Philadelphia-based cable operator said it plans this week to launch Xfinity Streampix, which will give Comcast video subscribers a selection of older movies and prior-season TV shows that they can watch on TVs and Internet-connected devices.
Comcast's service will cost $4.99 a month for most Comcast subscribers, cheaper than Netflix, which offers similar types of programming and charges $7.99 a month.
But Comcast will make Streampix available for no extra charge to more ...