Comcast to launch $15-per-month Internet TV service

Comcast plans to offer a streaming video service for its Xfinity Internet subscribers later this summer. The service, called Stream is aimed at consumers who don't want to pay big bucks for a full-featured cable TV package.

For just $15 per month, the service includes HBO and major broadcast networks such as ABC, CBS, Fox, NBC and PBS. It will also include "thousands" of on-demand movies and shows as well as a cloud-based digital video recorder. Consumers will be able to watch it on tablets, computers and smartphones. The only requirement is that they need to be subscribers to Comcast's Internet service.

There is a major limitation though. Live TV channels can only be watched while customers are on their home Internet connections. When customers are on the road, they'll be able to watch on-demand and recorded videos but not live TV through Comcast's service.

Initially, the service will launch in Boston then in Chicago and Seattle, with plans to spread in all Comcast territories by early 2016.

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