Time Warner (NYSE:TWX) has launched its very own streaming service, but with a bit of a twist. The company has released an Internet streaming service that gives users access to the classics within the Warner Archives. Although this seemingly niche product doesn't directly compete with Netflix (NASDAQ:NFLX) and Hulu on the surface, it could potentially pave the way for future competition from Time Warner, which is the parent of HBO. In this video, Motley Fool contributor Steve Heller discusses this announcement and what it could mean for Netflix investors.

Erin Miller has no position in any stocks mentioned. Fool contributor Steve Heller has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.