Comcast To Launch Internet TV Service Stream
In a recent blog entry, Comcast announced that it will soon be launching a service that allows their customers to stream internet TV from just about any device they choose. In fact, there will be “no extra device or additional equipment required…or even a TV.” And appropriately enough, Comcast’s new streaming service is actually called Stream.
As Executive Vice President and General Manager of Video Services for Comcast Cable in TV Matt Strauss has seen, people nowadays have different ways of watching television. Moreover, he explained, “The way we watch TV has become more personal than ever. I like to watch live on the big screen in my living room. My kids, on the other hand, prefer to catch up with their favorite shows on their laptops, on demand.”
This is precisely why they have been inspired to do a beta test on a new streaming cable service. Strauss believes the Stream “furthers our goal to provide TV choices for everyone.” With Stream, all Xfinity Internet users can enjoy live TV featuring HBO and a host of major broadcast networks from practically any device, whether it be a phone, tablet or laptop.
In addition, the Stream service will also entitle users access to Comcast’s TV Everywhere as well as the cloud DVR, allowing you to record your favorite shows without even having to use your television at home.
Comcast’s brand new Stream service to Xfinity Internet users for $15 a month. Strauss also said they will be launching Stream first in Boston at the end of the summer. Meanwhile, they plan to launch the service in Chicago and Seattle afterwards. Furthermore, it will be made available everywhere else by early 2016.
During the first quarter of 2015, Comcast has reported that the revenue for their cable communications business has increased by 6.3% while its total revenue per customer relationship also increased by 4.7%. In addition, its customers for high-speed internet increased by 407,000, helping bring up its high-speed Internet revenue to 10.7%. This is reportedly its strongest growth rate in four years. In total, the Comcast cable communications business earned a revenue of $11.4 billion during the first quarter with video accounting for most of the revenue, followed by high-speed internet.
Meanwhile, Comcast also experienced an increase of 2.6% in its consolidated revenue for the first quarter of 2015. This amounted to approximately $17.9 billion. At the same time, Comcast earnings per share also increased by 14.1% to 0.81.