SAN FRANCISCO (AP) – 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.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Little Elm Building Park To Honor Fallen Officers
- Major Water Main Break In Southlake Will Take Hours To Repair
- Traffic Stop Leads To Drug, Weapons Bust In Arlington
- Texas Freshman Mo Bamba Leaving School For NBA Draft
- Spring Training Report: Ohtani Struggles, Altuve Gets Paid
- PHOTOS: Your Pet Pictures