by William White | June 19, 2013 3:48 pm
Netflix (NFLX), the popular video streaming service, has been in the news a lot lately. This is to be expected though, from the service that hogs up the most bandwidth on the internet.
Starting with its original series, House of Cards, Netflix jumped into providing exclusive content to its subscribers. Even if that content does come at a cost to the company.
If you’re a Verizon (VZ) customer though, this might not be how you view Netflix. Verizon came under fire recently as the reason Netflix has lost quality.
This isn’t the first time that Netflix has been the target of internet service providers (ISP), reports GigaOM. Both Comcast (CMCSA) and Time Warner Cable (TWC) have been accused of letting the quality of the streaming service fall in the past, likely in an effort to attract viewers to their own streaming services. The reason behind Netflix loss of quality could have to do with Verizon owning 50% of Redbox, a Netflix competitor.
NFLX stock raised almost 2%, while VZ stock on the other hand lowered by 3%, as of Wednesday.
Source URL: https://investorplace.com/2013/06/verizon-accused-of-slowing-netflix-streaming/
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