Monday, 24 February 2014

Verizon CEO says he expects Netflix will sign deal to pay them as well

Verizon CEO says he expects Netflix will sign deal to pay them as well
Feb 24th 2014, 17:15, by Ben Popper


It was revealed over the weekend that Netflix and Comcast had struck a historic deal: for the first time the streaming-video service would pay the cable giant in order to ensure that the huge volume of data it was sending would arrive swiftly and smoothly in customers' homes. This came after months of Netflix traffic performing increasingly poorly on Comcast's network. Also at issue is the massive increase in the last few years of Netflix's size; it grew to encompass roughly one-third of all internet data piped across the United States during prime-time video-viewing hours.
Verizon's CEO wasted no time in announcing that the company expected to strike a similar bargain. On CNBC this morning Verizon's chief Lowell McAdams revealed that...
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