Verizon Planning Netflix-Like Service

By Josh Long Comments
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Step aside Netflix.

Verizon Communications plans to launch a service that would allow customers to stream movies and TV shows over the Internet, Reuters reported, citing several people briefed on the plan.

The New York-based telecommunications titan could roll out the service in 2012, the sources said.

Some caveats: The programming package would be limited in scope and Verizon would provide such a Web TV service outside of its markets where it offers FiOS television, according to the report.

A Verizon spokesman declined to comment to Reuters.

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