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Verizon to challenge Netflix, Hulu. Winner take all?

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Peter Morgan/AP/FILE

(Read caption) Verizon could launch a Netflix competitor.

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Well, this adds a new wrinkle to the relationship between cable companies and content providers.

In recent years, a lot of people have opted to forgo pricey cable plans in favor of streaming movies and TV shows from companies such as Netflix and Hulu. And it’s no secret that those two companies have had a tense relationship with telecom giants such as Verizon and Comcast, since they’re pushing a lot of content over the networks. But now, according to Reuters, Verizon may get into the streaming game itself: Big Red has plans to launch its own standalone video streaming service next year, offering another source of movies and TV shows to those with (or without) cable plans.


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