Reed Hastings: “We Have No Power” In Comcast Dealings

Netflix cut a controversial deal with Comcast earlier this year to improve its shows’ transmission quality because it didn’t have a choice, said CEO Reed Hastings. But that didn’t mean Hastings liked it, or thought it was the right thing in the long run for either his company or the Internet as a whole. That’s why Hastings publicly criticized the deal less than two weeks after signing it, he said. “The basic thing is we have no power” over Comcast, Hastings said in discussing the deal at the Code Conference in Rancho Palos Verdes, CA. “We asked them for access [to their mutual Internet-using customers], and couldn’t get it. You might say, ‘Why did you compromise on the deal,’ and we would say, ‘We had to.'”

Related: Netflix Agrees To Pay Comcast For Broadband Access


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