Verizon (VZ +1.2%) plans to launch a stand-alone service allowing customers to stream movies and...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon (VZ +1.2%) plans to launch a stand-alone service allowing customers to stream movies and television shows over the Internet, in a new challenge to Netflix (NFLX -1.9%) and traditional cable TV, Reuters reports. VZ is talking with prospective programming partners about the service, which could be launched in 2012.