Netflix, Verizon Reach Streaming Deal
Netflix and telecom giant Verizon Communications have reached an agreement to provide improved video streaming to the latter's customers, a spokesman confirmed Tuesday.
The deal is believed to replicate a February arrangement that Netflix, led by CEO Reed Hastings, struck with Comcast. It will provide a direct connection from the online video service to Verizon broadband customers.
CNET on Monday night quoted a Netflix representative discussing the so-called interconnect arrangement with Verizon that the streaming firm hopes will improve streaming performance in the future.
Financial terms were not disclosed.