Netflix, Verizon Reach Streaming Deal

Netflix CEO Reed Hastings
Netflix CEO Reed Hastings
 

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.

 

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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.

 

Email: Georg.Szalai@THR.com
Twitter: @georgszalai

 

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