Dallas, Texas 07/13/2015 (Financialstrend) – Comcast Corporation (NASDAQ:CMCSA) has made the final move, in reaching out to the fast-paced, real-time viewing patterns of the new generation of viewers with its own internet-based ‘streaming’ service. The new service is called ‘stream’ and will be available for $15 per month.
The package will include networks such as HBO and other leading broadcasters, but, will not have a video-service contract. The service will be part of its internet service it provides. Stream’s launch is a reiteration of the current status in the cable-television industry in the country: internet-based television viewing. As the number of subscribers for Pay TV dwindles, large broadcast networks such as Comcast appear to have no alternative, but to tow the millennial line and offer internet-based television viewing services.
Stream, is a service that is soon expected to replace traditional viewing packages that Comcast offers.
Comcast Corporation (NASDAQ:CMCSA) will launch Stream with nearly 12 networks ranging from Telemundo to Univision, to ABC, NBC, Fox, CBS, The CW, besides HBO as well as PBS. The service will remain a pure internet based service and will not be compatible with set-top boxes which are currently trending in the industry, such as Roku boxes, Apple TV and others.
Comcast Corporation will continue with its standard to deliver high-speed internet service through its own TV network and not public services. This will be similar to the in-home Xfinity TV app it delivers for smart devices.
Comcast Corporation (NASDAQ:CMCSA) by launching Stream will enter new channels of entertainment and into space currently dominated by the likes of Sling TV. The latter with its services priced at $20 per month is for those who no longer want to be bound to cable-based internet services. The company recently witnessed drop in its video subscriptions in the first quarter, apparently driving the launch of Stream.