Comcast to launch streaming video service

Comcast Corp said on Thursday it will launch a new internet streaming video service called Xfinity Flex, as the US cable operator targets TV viewers who prefer watching content online over more expensive cable TV packages.

Like the rest of the cable industry, Comcast has focused its future around its internet business, as the consumer trend of “cord cutting” services has shown few signs of abating.

Xfinity Flex will be available starting Tuesday only to Comcast’s internet customers and will cost $5 per month.