Comcast Plans to Sell Movies for Download, Streaming: Report

Reuters

Comcast Corp (NASDAQ:CMCSA) plans to start selling movies for download and streaming through the cable operator's set-top boxes and its Xfinity TV website, according to people with knowledge of the plan.

The effort, which would offer a new path for Hollywood studios to generate revenue from films after they leave theaters, could start by the end of the year, the sources said.

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The initial offering will include a range of titles from several Hollywood studios that include new releases, older movies and some TV shows, one of the sources said.

A Comcast spokeswoman declined to comment.

Now, Comcast and other cable operators offer on-demand movies for free viewing or rental to watch during a specific time period.

Movie studio executives are looking for ways to boost digital sales of movies as customers move away from purchases of traditional DVDs, cutting a lucrative source of revenue.

(Reporting by Lisa Richwine; Editing by Bob Burgdorfer and Andrew Hay)