A Challenger Appears!

22 Feb 2012 ⋅ by ⋅ in Applications, Apps, Breaking News, Computers, Featured, Home Entertainment ⋅ 1 Comment

Man, could things get any worse for Netflix? After all the botched stuff this summer, the price jack and the failed spin off, things were starting to look up for the company again. Stocks were up, and slowly people seemed to be forgetting the past.

In fact just yesterday Netflix announced a deal with The Weinstein Co for rights to stream their films weeks before any other media. Yay! More looking up.

And then, hours later, another problem bubbled up. Comcast, one of the largest content providers in the world and owner of NBC, announced a new streaming service called Xfinity Streampix. This will push to phones, iPads, PC’s, and anything else that can support streaming media. The big stinger? It is only going to cost $5 a month, and will be free for people with bundled services from Comcast.

Que Netflix losing almost 4% stock share. Ouch.

 

There are lots of streaming media services out there, from Walmart to Amazon, but Netflix has always remained at the top. Hulu offered some stiff competion, but never really got the traction it needed to be a game changer. However, we now have a content producer that is involved in digital distribution, and that may change the whole game. I guess only time, and earning, will really tell.

Check out the official press release for more.

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  • Nosgoth1979

    Yeah Netflix certainly does have a lot of competition these days, which makes it that much worse that they seem to be making a lot of mistakes lately. Still though, looking over this Xfinity offering, I’m not sure this is too much of a threat. It’s pretty limited and tied to their overpriced cable service. Personally I prefer the Blockbuster @Home service my employer, DISH, released a while back. With the Blockbuster @Home service I get unlimited streaming, a bunch of movie channels, and movie and video game rentals by mail with in-store exchanges if I want. Seems like that’s the way to put one of these services together, deliver a lot of options, at a price that’s easy on the wallet. Streampix really only has the latter going for it.

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