Verizon Launching Netflix Competitor
Verizon Communications Inc. is launching a new service allowing customers to stream movies and television shows over the internet, creating competition for Netflix Inc and the traditional cable TV business, reports Reuters. The phone company is talking with prospective programming partners about the service, which would be introduced outside of markets where it currently offers its broadband and TV package, known as FiOS, these people said. That would make it available to some 85 million U....