TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Netflix pays Verizon for better Internet access

By The Associated Press
Wednesday, April 30, 2014, 12:01 a.m.
 

Netflix will pay Verizon Communications to help clear up some of the congestion that has been bogging down its Internet video service.

The deal marks the second time in less than three months that Netflix Inc. has anted up for a more direct connection to a major Internet service, even though CEO Reed Hastings objects to having to pay for better access.

Netflix negotiated a similar arrangement with Comcast Corp. in February.

The financial details of Netflix's partnerships with Comcast and Verizon Communications haven't been disclosed.

Netflix is reducing its reliance on third-party vendors to deliver video to Internet service providers because the streaming speeds of its movies and TV shows have been slowing in recent months.

Verizon ended March with about 9 million subscribers to its high-speed Internet service.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Federal appeals courts disagree on Obamacare subsidies
  2. Senate, House head for stalemate on border
  3. Allegheny Technologies reports 2Q loss despite higher sales
  4. Latrobe’s Ci Medical Technologies transforms to medical device business
  5. Grads’ starting salaries way behind average
  6. Gas pipeline issues challenge for producers, users
  7. Checking account holdings reach 25-year high
  8. U.S. stocks slip to start the week; Six Flags sinks
  9. Entrepreneurial teen mines bitcoins, contributes toward electric bill
  10. Toyota follows hybrid success with gamble on fuel cell technology
  11. PPG to sell Illinois glass plant, shift operations to other sites in North America
Subscribe today! Click here for our subscription offers.