Comcast to Start Selling Movies for Download

by Christopher Freeburn | November 15, 2013 9:27 am

[1]Sources tell Reuters that cable TV provider Comcast (CMCSA[2]) plans to get into the digital download and streaming business by the end of the year[3].

Comcast subscribers would be able to download Hollywood movies and TV shows through the company’s Xfinity TV website and set-top box and then watch them on mobile devices, TV’s or computers.

A range of popular titles, including vintage movies and new releases are expected to be available, including recent box office winners from Comcasts’ Universal Studios like Despicable Me 2 and Fast & Furious 6.

The move would mark a change for cable providers, which have long offered subscribers the option of viewing selected content “on demand,” putting Comcast in competition with traditional download services like Apple’s (AAPL[4]) iTunes and Amazon’s (AMZN[5]) Prime.

Verizon’s (VZ[6]) Fios subscription TV service already permits the downloading and streaming of titles for purchase and rental.

Shares of Comcast rose almost 1% in pre-market trading on Friday.

Endnotes:

[Image]: http://investorplace.com/wp-content/uploads/2013/11/HDTVs-top-Cyber-Monday-Deals.jpg
CMCSA: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMCSA
digital download and streaming business by the end of the year: http://www.reuters.com/article/2013/11/15/us-comcast-idUSBRE9AD1CV20131115
AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
VZ: http://studio-5.financialcontent.com/investplace/quote?Symbol=VZ

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