Netflix Launches on PlayStation Vita, Shares Still Off

Shares of Netflix (NFLX: 109.34, -8.06, -6.87%) were down more than 4.7% a day after Comcast (CMCSA: 29.16, +0.09, +0.31%) announced a rival service that threatens to unhook its virtual monopoly on the streaming video market. The selloff comes despite an announcement by Netflix on Wednesday that its service is now available on PlayStation Vita, the first Sony (SNE: 20.83, +0.17, +0.82%) handheld entertainment system to feature Netflix. The addition to PS Vita allows customers to stream TV shows and movies from Netflix onto its 5-inch multi-touch display via Wi-Fi. Members can start watching a program on one device, for example through PlayStation 3, and resume on the handled. Continue reading this article

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