Netflix, Verizon Reach Streaming Deal
The agreement is believed to be similar to one that the online video company reached with Comcast earlier this year.
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.