Netflix and Verizon confirm to those who call today that they have an agreement, but offer no details. Netflix says it hopes the terms “will improve performance for our joint customers over the coming months.” That suggests how much things have changed since February when Netflix cut a similar agreement with Comcast. They initially described the terms in a press release as “mutually beneficial,” but later Netflix decried it as an “arbitrary tax” — and a reason for it to oppose Comcast’s $45B acquisition of Time Warner Cable. Netflix CEO Reed Hastings told analysts last week that “we don’t think we should have to” pay for a superior connection to an Internet service provider. “It started off with a very small fee and then escalated into this blackout type model that has been a real problem for the industry and for consumers. So we are trying to avoid that by seeing if we can move everyone to no-fee interconnect.” Netflix says that in March Verizon FiOS speeds averaged 1.91 Mbps, down from 1.1 Mbps in November.
Netflix And Verizon Quietly Reach Connection Deal
What's Hot on Deadline
Universal Wins 'The Grownup'; 'Gone Girl' Author Gillian Flynn Short Story Sells In High-Six-Figure Deal
Latest Business News
- Bill Cosby Fights Again To Stop Sexual Assault Case Moving Forward
- Will Hollywood’s Flood Of Franchises Beat ‘Star Wars’-Fueled 2015 Toy Sales?
- Will Smith & Alan Horn Join Obama & Katzenberg For Private L.A. Dinner – Update
- Samantha Bee Vs. The Guys On Late Night, Plus: The Coming Tony Awards Wars? – Gerard & Roth
- Hot Berlin Titles: What Buyers Are Buzzing About At The EFM
- Obamageddon Is In Effect As POTUS Arrives In L.A. For ‘Ellen’ & Fundraisers – Update