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.


PHOTOS: Rule Breakers 2013 - Netflix's Ted Sarandos and Others


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.


Twitter: @georgszalai


comments powered by Disqus