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Follow Reuters Facebook Twitter RSS YouTube Read Five dead in shooting at spa in Atlanta suburb 21 Feb 2012 White House seeks to deflect blame over rising gas prices 21 Feb 2012 CIA to software vendors: A revolution is coming 21 Feb 2012 UN watchdog says nuclear talks with Iran failed 2:53am EST Afghans vent fury over Koran burning, U.S. apologizes | 21 Feb 2012 Discussed 175 REFILE-Al Gore takes aim at ”unsustainable” capitalism 168 Santorum says Obama agenda not ”based on Bible” 147 Romney’s struggles fuel talk of brokered convention Watched Orange battle in Northern Italy Tue, Feb 21 2012 Strauss-Kahn held by police in French prostitution probe Tue, Feb 21 2012 Carnival revelers swarm Ipanema Beach Mon, Feb 20 2012 Comcast to take on Netflix with Web video service Tweet Share this Email Print Related News Denzel Washington's "Safe House" grabs box office crown Mon, Feb 20 2012 Comcast profit beats Street on subscriber gains Wed, Feb 15 2012 UPDATE 8-Verizon, Redbox plan Netflix challenge Mon, Feb 6 2012 "Chronicle" wins tight box office race Sun, Feb 5 2012 "The Help" gets Oscar boost with big SAG wins Mon, Jan 30 2012 Analysis & Opinion Denzel Washington’s ‘Safe House’ grabs box office crown Is Afghan TV anticipating Taliban return by stressing hijabs, less make-up? Related Topics Entertainment » Fashion » Television » Media » The offices and studios of Comcast Entertainment Group which operates E! Entertainment Television, the Style Network and G4 network is pictured in Los Angeles November 12, 2009. Credit: Reuters/Fred Prouser Tue Feb 21, 2012 6:21pm EST (Reuters) - Comcast Corp, the No. 1 U.S. cable operator, became the latest major name to take on Netflix Inc on Tuesday when it announced plans for an online video service offering a library of TV shows and movies. The new service, called Xfinity Streampix, will be made available only to Comcast's cable TV subscribers. But the service could also operate as a standalone service outside of the cable subscription package under programming agreements it has with some of the partners that supply it with shows and movies, according to a person familiar with the plan. Comcast executive Marcien Jenckes said the company has no plans to launch a standalone service and will instead complement the 75,000 TV shows and movies already available on-demand via customers' cable boxes. Streampix will come free with Comcast's top video packages and for an extra $4.99 a month in lower tiers. Comcast is launching Streampix with TV shows and movies from partners including Walt Disney Co, Time Warner Inc's Warner Bros, Sony Pictures and NBC Universal, which it owns. Plans for Streampix come just weeks after Verizon Communications said it would create a joint venture with Coinstar Inc's Redbox to offer online video and DVD rentals separate to its FiOS service. Google Inc and Amazon.com Inc are also working on plans to launch their own online video services. Netflix has built a subscriber base of some 24 million subscribers by offering a package of older TV shows and movies, and investors in cable TV fear that customers will start dropping the more expensive TV packages in favor of Netflix. Comcast already offers millions of hours a month of on-demand video through its cable boxes but online video allows additional flexibility. For instance, it can offer entire seasons of popular TV series like "30 Rock" and "Grey's Anatomy" - a feature that has been popular with Netflix users. "There's clearly a lot of demand for library content like favorite TV services," said Jenckes. "We've seen other companies launch very successful products in this space and we recognize this is something the marketplace wants." (Reporting By Yinka Adegoke; Editing by Gary Hill) Entertainment Fashion Television Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Finally, Somebody Likes the Madonna Movie: Costume Designers Give 'W.E.' Top Award 2:38am EST "W.E.," "The Girl With the Dragon Tattoo" and "Harry Potter" take CDG's film awards; "Boardwalk Empire," "Glee" and "Downton Abbey" win for TV Comcast Makes Good on Diversity Promise -- Will It Pay? 21 Feb 2012 Latino and African-American audiences are growing, but underserved, meaning the cable giant's bet could pay off in a big way 'Hunger Games' Onslaught Begins With Advance Ticket Sales and Mall Tour 21 Feb 2012 Lionsgate sends the "Hunger Games" stars on a weeklong spree through the nation' shopping centers to pump up the hype for its film based on Suzanne Collins' trilogy Chieftains Get the T Bone Burnett Treatment on Guest-Filled Anniversary Album 21 Feb 2012 Fresh from the Grammys, Bon Iver and the Civil Wars are among the drop-ins deferring to the Chieftains' traditional style on a 50th anniversary album We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) AlkalineState wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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