NEW YORK (TheStreet) - Just a few weeks after Verizon (VZ) - Get Report and Coinstar (CSTR) - Get Reportteamed up for a video-on-demand service, Comcast (CMCSA) - Get Report (Stock Quote: CMCSA) is doing the same thing.

(VZ) - Get Report (CSTR) - Get Report (CMCSA) - Get Report Comcast announced its new service, known as Streampix, as it tries to take on Netflix (Stock Quote: NFLX) (NFLX) - Get Report in the VOD space. The major difference is that in order to get Streampix, you need to already subscribe to cable.

(VZ) - Get Report (CSTR) - Get Report (CMCSA) - Get Report (NFLX) - Get Report Streampix will be free to those who get Comcast's triple-play package, or $4.99 per month if you do not have triple-play package.

(VZ) - Get Report (CSTR) - Get Report (CMCSA) - Get Report (NFLX) - Get Report At the launch, Streampix will include content from NBCUniversal (owned by Comcast), Walt Disney (DIS) - Get Report , Warner Bros., a division of Time Warner (TWX) , and Sony Pictures, a division of Sony (SNE) - Get Report .

(VZ) - Get Report (CSTR) - Get Report (CMCSA) - Get Report (NFLX) - Get Report (DIS) - Get Report (TWX) (SNE) - Get Report Shares of Comcast are off 0.31% to $29.08, while shares of Netflix are plunging lower, down 2.59% to $118.7. Shares had been as high as $126.15 prior to the announcement.

(VZ) - Get Report (CSTR) - Get Report (CMCSA) - Get Report (NFLX) - Get Report (DIS) - Get Report (TWX) (SNE) - Get Report Interested in more on Comcast? See TheStreet Ratings' report card for this stock.

(VZ) - Get Report (CSTR) - Get Report (CMCSA) - Get Report (NFLX) - Get Report (DIS) - Get Report (TWX) (SNE) - Get Report Check out our new tech blog, Tech Trends.