NEW YORK (

TheStreet

) - Just a few weeks after

Verizon

(VZ) - Get Verizon Communications Inc. Report

and

Coinstar

(CSTR) - Get CapStar Financial Holdings, Inc. Report

teamed up for a video-on-demand service,

Comcast

(CMCSA) - Get Comcast Corporation Class A Report

is

doing the same thing.

Comcast announced its new service, known as

Streampix

, as it tries to take on

Netflix

(NFLX) - Get Netflix, Inc. (NFLX) Report

in the VOD space. The major difference is that in order to get Streampix, you need to already subscribe to cable.

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.

At the launch, Streampix will include content from NBCUniversal (owned by Comcast),

Walt Disney

(DIS) - Get Walt Disney Company Report

,

TheStreet Recommends

Warner Bros.

, a division of

Time Warner

(TWX)

, and

Sony Pictures

, a division of

Sony

(SNE) - Get SONY GROUP CORPORATION SPONSORED ADR 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.

Interested in more on Comcast? See TheStreet Ratings' report card for

this stock

.

Check out our new tech blog,

Tech Trends

.

--

Written by Chris Ciaccia in New York

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