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Netflix and Cable Companies Working Together?

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You had to know that the cable and internet providers would figure out a way to squeeze something out of Netflix.

The cable companies are in a tough spot. They are watching their market share dwindle as on demand and streaming services seem poised to take over out televisions ( and tablets and smartphones and PSVitas.. )

To add insult to injury- companies like Amazon and Netflix are using their own infrastructure to steal their customers. ( at least this is how the cable companies see it). So looks like they found a way to skim some of the cream off the Netflix crop.

Netflix Inc. NFLX -0.58% has agreed to pay Comcast Corp. CMCSA +1.29% to ensure Netflix movies and television shows stream smoothly to Comcast customers, a landmark pact that could set a precedent for Netflix’s dealings with other broadband providers, people familiar with the matter said.

In exchange for payment, Netflix will get direct access to Comcast’s broadband network.

Nice work Comcast.
More info : http://online.wsj.com/news/articles/SB10001424052702304834704579401071892041790


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