Netflix pays Verizon for better Internet access
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Hospitals, doctors in Pa. received $32M in 5 months from drug, medical device companies
- LNG exports get federal approval from Dominion’s Cove Point terminal
- Google Pittsburgh instrumental in fight against hackers, co-directors say
- EPA says greenhouse gas releases from wells, pipelines decline
- Retirement planning is about more than just money
- Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
- Trib 30 index of Pittsburgh-area stocks falls in September
- Western Pa. unemployment rate holds steady in August
- Education spending helps to widen wealth gap
- ‘Tug of war’ takes effect on stocks as market logs 3rd monthly drop for 2014
- Shareholders cheer eBay’s decision to spin off PayPal